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Should You Buy UWM Holdings Corp (UWMC) Stock After it Is Higher By 1.44% in a Week?

Friday, December 01, 2023 12:14 PM | InvestorsObserver Analysts

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Should You Buy UWM Holdings Corp (UWMC) Stock After it Is Higher By 1.44% in a Week?

UWM Holdings Corp (UWMC) stock is higher by 1.44% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
UWM Holdings Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on UWMC!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 UWMC Stock Today?

UWM Holdings Corp (UWMC) stock is trading at $5.62 as of 11:54 AM on Friday, Dec 1, an increase of $0.16, or 2.93% from the previous closing price of $5.46. The stock has traded between $5.43 and $5.62 so far today. Volume today is light. So far 204,477 shares have traded compared to average volume of 1,122,172 shares.

More About UWM Holdings Corp

UWM Holdings Corp engages in the origination, sale and servicing of residential mortgage loans. The company provides independent mortgage advisors across the states and the district of Columbia. Click Here to get the full Stock Report for UWM Holdings Corp stock.

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