Chindata Group Holdings Ltd (CD) stock is down 0.88% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Chindata Group Holdings Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CD!
What is Stock Sentiment?
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 CD Stock Today?
Chindata Group Holdings Ltd (CD) stock is lower by -1.92% while the S&P 500 has risen 3.05% as of 2:59 PM on Monday, Oct 3. CD is lower by -$0.15 from the previous closing price of $8.08 on volume of 755,361 shares. Over the past year the S&P 500 is down -14.08% while CD is lower by -4.23%. CD earned $0.18 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 43.06.
More About Chindata Group Holdings Ltd
Chindata Group Holdings Ltd is a carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, focusing on China, India and Southeast Asia markets. The company's solutions include Colocation and managed service; Energy procurement and transmission; Infrastructure service; and IT and network service.
Click Here to get the full Stock Report for Chindata Group Holdings Ltd stock.