Should You Buy VMware, Inc. (VMW) Stock After it Has Risen 7.91% in a Week?

Thursday, October 12, 2023 11:28 AM | InvestorsObserver Analysts

Mentioned in this article

Should You Buy VMware, Inc. (VMW) Stock After it Has Risen 7.91% in a Week?

VMware, Inc. (VMW) stock is up 7.91% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

VMware, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on VMW!

See Full VMW Report

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With VMW Stock Today?

VMware, Inc. (VMW) stock is trading at $178.76 as of 11:17 AM on Thursday, Oct 12, a rise of $7.28, or 4.25% from the previous closing price of $171.48. The stock has traded between $172.10 and $178.79 so far today. Volume today is 1,857,341 compared to average volume of 1,802,362.

More About VMware, Inc.

VMware is an industry titan in virtualizing IT infrastructure and became a stand-alone entity after spinning off from Dell Technologies in November 2021. The software provider operates in the three segments: licenses; subscriptions and software as a service; and services. VMware's solutions are used across IT infrastructure, application development, and cybersecurity teams, and the company takes a neutral approach to being the cohesion between cloud environments. The Palo Alto, California, firm operates and sells on a global scale, with about half its revenue from the United States, through direct sales, distributors, and partnerships. Click Here to get the full Stock Report for VMware, Inc. stock.