News Home

Should You Buy Sherwin-Williams Co (SHW) Stock After it Has Gained 6.74% in a Week?

Friday, June 02, 2023 02:48 PM | InvestorsObserver Analysts

Mentioned in this article

Should You Buy Sherwin-Williams Co (SHW) Stock After it Has Gained 6.74% in a Week?

Sherwin-Williams Co (SHW) stock has risen 6.74% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Sherwin-Williams Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SHW!

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 SHW Stock Today?

Sherwin-Williams Co (SHW) stock is trading at $241.77 as of 2:43 PM on Friday, Jun 2, an increase of $6.88, or 2.93% from the previous closing price of $234.89. The stock has traded between $236.94 and $242.84 so far today. Volume today is low. So far 1,005,310 shares have traded compared to average volume of 1,480,703 shares.

More About Sherwin-Williams Co

Sherwin-Williams is the largest provider of architectural paint in the United States. The company has approximately 4,800 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers. Click Here to get the full Stock Report for Sherwin-Williams Co stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App