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 WM Stock Today?
Waste Management, Inc. (WM) stock is up 0.86% while the S&P 500 is lower by -0.96% as of 2:37 PM on Friday, Feb 3. WM is higher by $1.29 from the previous closing price of $150.34 on volume of 1,119,037 shares. Over the past year the S&P 500 is lower by -9.80% while WM is higher by 2.37%. WM earned $5.39 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.1.
To screen for more stocks like Waste Management, Inc. click here.
More About Waste Management, Inc.
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating approximately 260 active landfills and about 340 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
Click Here to get the full Stock Report for Waste Management, Inc. stock.
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