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What is the Market's View on Carvana Co (CVNA) Stock's Price and Volume Trends Tuesday?

Tuesday, October 19, 2021 01:58 PM | InvestorsObserver Analysts
What is the Market's View on Carvana Co (CVNA) Stock's Price and Volume Trends Tuesday?

Carvana Co (CVNA) stock has gained 4.24% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Carvana Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CVNA!

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 CVNA Stock Today?

Carvana Co (CVNA) stock is trading at $293.41 as of 1:55 PM on Tuesday, Oct 19, an increase of $4.47, or 1.55% from the previous closing price of $288.94. The stock has traded between $288.68 and $295.71 so far today. Volume today is below average. So far 347,824 shares have traded compared to average volume of 881,000 shares.

More About Carvana Co

Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. Click Here to get the full Stock Report for Carvana Co stock.

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