Overall market sentiment has been high on UWM Holdings Corp (UWMC) stock lately. UWMC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
UWM Holdings Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UWMC!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 UWMC Stock Today?
UWM Holdings Corp (UWMC) stock is trading at $4.74 as of 1:38 PM on Wednesday, Dec 7, a loss of -$0.01, or -0.11% from the previous closing price of $4.75. Volume today is light. So far 939,608 shares have traded compared to average volume of 1,311,909 shares. The stock has traded between $4.71 and $4.88 so far today.
To see InvestorsObserver's Sentiment Score for UWM Holdings Corp click here.