TopBuild Corp (BLD) stock is down 9.24% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
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 BLD Stock Today?
TopBuild Corp (BLD) stock is trading at $192.42 as of 3:02 PM on Friday, Feb 26, a gain of $6.82, or 3.67% from the previous closing price of $185.60. The stock has traded between $184.54 and $192.71 so far today. Volume today is 241,401 compared to average volume of 278,237.
To see the top 5 stocks in the Engineering & Construction industry click here.
More About TopBuild Corp
TopBuild Corp is an installer and distributor of insulation products. The company operates two businesses: Truteam and Service Partners. Trueteam installs insulation products in residential and commercial building projects, primarily as a contractor to custom builders and big builders. Service Partners is a distributor of insulation and selected building products. Its main customers are contractors. Other products include gutters, afterpaint, garage doors, fireplaces, and fireproofing and stopping. TopBuild operates primarily in the United States.
Click Here to get the full Stock Score Report on TopBuild Corp (BLD) Stock.
