What is the Market's View on Consumer Portfolio Services, Inc. (CPSS) Stock's Price and Volume Trends Tuesday?

The market has been down on Consumer Portfolio Services, Inc. (CPSS) stock recently. CPSS gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Consumer Portfolio Services, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CPSS!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CPSS Stock Today?

Consumer Portfolio Services, Inc. (CPSS) stock is trading at $7.51 as of 3:38 PM on Tuesday, Oct 4, a gain of $0.33, or 4.6% from the previous closing price of $7.18. The stock has traded between $7.33 and $8.23 so far today. Volume today is 119,299 compared to average volume of 108,980.

More About Consumer Portfolio Services, Inc.

Consumer Portfolio Services Inc is a US-based company operating in the specialty finance sector. Its business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the U.S. in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the company provides indirect financing to the customers of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. Click Here to get the full Stock Report for Consumer Portfolio Services, Inc. stock.