Should You Buy Rimini Street Inc (RMNI) Stock on Monday?

The market has been down on Rimini Street Inc (RMNI) stock recently. RMNI gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Rimini Street Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RMNI!

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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 RMNI Stock Today?

Rimini Street Inc (RMNI) stock is trading at $4.35 as of 1:19 PM on Monday, Jun 5, a rise of $0.05, or 1.28% from the previous closing price of $4.29. Volume today is above average. So far 561,811 shares have traded compared to average volume of 386,780 shares. The stock has traded between $4.14 and $4.36 so far today. To screen for more stocks like Rimini Street Inc click here.

More About Rimini Street Inc

Rimini Street Inc is a provider of enterprise software support products and services and the third-party support provider for Oracle and SAP software products based in the United States. Some of its products include Oracle E-business suite, Oracle Retail, Peoplesoft, SAP business suite, and Agile PLM, which are offered to various industries, including manufacturing, public sector companies, retail, and education. Click Here to get the full Stock Report for Rimini Street Inc stock.