The market has been high on PetIQ Inc (PETQ) stock recently. PETQ gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PETQ Stock Today?
PetIQ Inc (PETQ) stock is trading at $33.12 as of 2:27 PM on Friday, Feb 26, a drop of -$4.14, or -11.11% from the previous closing price of $37.26. The stock has traded between $33.00 and $37.98 so far today. Volume today is 374,302 compared to average volume of 324,302.
More About PetIQ Inc
PetIQ Inc is a manufacturer and distributor of health and wellness products for dogs and cats. The company offers veterinarian-grade pet Rx medications, OTC flea and tick preventatives, vitamins treats, nutritional supplements, and hygiene products. The group operates in two segments namely the Product and Service segments. It also provides third-party products to retailers which for a long time were primarily available from veterinary clinics only. Its proprietary brands include Advecta, Betsy Farms, Mimi's Market, PetAction and TruProfen. It operates mainly in the United States, Canada, and Europe.