The market has been high on Rent-A-Center Inc (RCII) stock recently. RCII gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Rent-A-Center Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RCII!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With RCII Stock Today?
Rent-A-Center Inc (RCII) stock is trading at $49.82 as of 10:07 AM on Wednesday, Dec 8, a gain of $0.54, or 1.1% from the previous closing price of $49.25. The stock has traded between $49.68 and $51.00 so far today. Volume today is below average. So far 71,082 shares have traded compared to average volume of 906,942 shares.
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More About Rent-A-Center Inc
Rent-A-Center offers rent-to-own purchasing options for appliances, computers, smartphones, furniture, and related items. Customers make rental payments with the option to own the product after completing rent-to-own agreements. The company's operating segments are Rent-a-Center business, which includes company-owned stores and online platform; preferred lease, which provides lease-to-own options through third-party retailers; Mexico, which includes company-owned stores in Mexico; and franchising, which sells rental merchandise to intermediate franchisees for royalties and startup fees.
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