Overall market sentiment has been high on Stanley Black & Decker Inc (SWK) stock lately. SWK receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Stanley Black & Decker Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SWK!
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.
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 SWK Stock Today?
Stanley Black & Decker Inc (SWK) stock is trading at $90.24 as of 3:43 PM on Tuesday, Nov 28, a loss of -$0.31, or -0.34% from the previous closing price of $90.55. Volume today is low. So far 748,103 shares have traded compared to average volume of 1,439,142 shares. The stock has traded between $89.21 and $90.76 so far today.
More About Stanley Black & Decker Inc
Stanley Black & Decker Inc is a manufacturer of hand and power tools. The company operates in two reportable segments namely Tools and Outdoor and Industrial. It generates maximum revenue from the Tools and Outdoor segment. The Tools and Outdoor segment is comprised of the Power Tools Group (PTG), Hand Tools, Accessories and Storage (HTAS), and Outdoor Power Equipment (Outdoor) businesses. Geographically, it derives a majority of its revenue from the United States.
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