The market has been high on VMware, Inc. (VMW) stock recently. VMW gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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 VMW Stock Today?
VMware, Inc. (VMW) stock is trading at $160.79 as of 2:47 PM on Tuesday, May 11, a decline of -$2.87, or -1.75% from the previous closing price of $163.66. The stock has traded between $158.36 and $161.50 so far today. Volume today is 1,204,879 compared to average volume of 1,130,346.
To see InvestorsObserver's Sentiment Score for VMware, Inc. click here.
More About VMware, Inc.
VMware, a majority-owned subsidiary of Dell, is an industry leader in virtual machines for data center servers and computer desktops. The software provider operates in the three segments of licenses, maintenance, and professional services. Customers include enterprises utilizing data centers, end-user computing, cloud providers, and software-defined networking. 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 Score Report on VMware, Inc. (VMW) Stock.
