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What is the Market's View on Boot Barn Holdings Inc (BOOT) Stock's Price and Volume Trends Friday?

Friday, July 09, 2021 02:06 PM | InvestorsObserver Analysts

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What is the Market's View on Boot Barn Holdings Inc (BOOT) Stock's Price and Volume Trends Friday?

Overall market sentiment has been down on Boot Barn Holdings Inc (BOOT) stock lately. BOOT receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Boot Barn Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BOOT!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

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 BOOT Stock Today?

Boot Barn Holdings Inc (BOOT) stock is trading at $81.80 as of 1:44 PM on Friday, Jul 9, a rise of $2.25, or 2.83% from the previous closing price of $79.55. The stock has traded between $80.56 and $82.21 so far today. Volume today is below average. So far 223,613 shares have traded compared to average volume of 404,123 shares.

To see the top 5 stocks in the Apparel Retail industry click here.

More About Boot Barn Holdings Inc

Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work-related footwear, apparel and accessories in the United States. It is a single operating segment, which includes net sales generated from its retail stores and e-commerce websites.

Click Here to get the full Stock Score Report on Boot Barn Holdings Inc (BOOT) Stock.

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