What is the Market's View on Ally Financial Inc (ALLY) Stock's Price and Volume Trends Wednesday?

The market has been high on Ally Financial Inc (ALLY) stock recently. ALLY gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Ally Financial Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALLY!

See Full ALLY Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 ALLY Stock Today?

Ally Financial Inc (ALLY) stock is trading at $36.27 as of 9:53 AM on Wednesday, Aug 17, a decline of -$0.62, or -1.68% from the previous closing price of $36.89. The stock has traded between $35.98 and $36.42 so far today. Volume today is below average. So far 466,085 shares have traded compared to average volume of 3,757,114 shares. To screen for more stocks like Ally Financial Inc click here.

More About Ally Financial Inc

Ally Financial Inc is a diversified financial services firm that services automotive dealers and their retail customers. The company operates as a financial holding company and a bank holding company. Its banking subsidiary, Ally Bank, caters to the direct banking market through Internet, mobile, and mail. The company reports four business segments including Automotive Finance operations, Insurance operations, Mortgage Finance operations and Corporate Finance operations. Click Here to get the full Stock Report for Ally Financial Inc stock.