The market has been down on Domino's Pizza, Inc. (DPZ) stock recently. DPZ gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 DPZ Stock Today?
Domino's Pizza, Inc. (DPZ) stock is trading at $337.51 as of 2:21 PM on Thursday, Feb 25, a loss of -$27.08, or -7.43% from the previous closing price of $364.59. The stock has traded between $331.22 and $344.19 so far today. Volume today is above average. So far 2,056,621 shares have traded compared to average volume of 506,772 shares.
More About Domino's Pizza, Inc.
Domino's is a leading player in the $84 billion global quick service pizza category with nearly 19% market share and 36% of delivery dollars spent. The company generates revenue through franchise royalties, company-owned stores, and sales from 27 dough-manufacturing and supply chain centers. Of the 17,300 stores in 85 markets around the world as of September 2020, 5,900 are operated by domestic franchisees, 11,000 by international franchisees, and 350 are company owned. Domino's posted $14.3 billion in systemwide retail sales in 2019.