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What is the Market's View on O'Reilly Automotive Inc (ORLY) Stock's Price and Volume Trends Monday?

Monday, November 27, 2023 02:32 PM | InvestorsObserver Analysts

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What is the Market's View on O'Reilly Automotive Inc (ORLY) Stock's Price and Volume Trends Monday?

The market has been neutral on O'Reilly Automotive Inc (ORLY) stock recently. ORLY gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
O'Reilly Automotive Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on ORLY!

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. 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 ORLY Stock Today?

O'Reilly Automotive Inc (ORLY) stock is trading at $986.67 as of 2:24 PM on Monday, Nov 27, a decline of -$0.49, or -0.05% from the previous closing price of $987.16. Volume today is light. So far 121,071 shares have traded compared to average volume of 436,850 shares. The stock has traded between $983.67 and $990.07 so far today.

More About O'Reilly Automotive Inc

O'Reilly Automotive is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (41% and 59% of 2021 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,784 stores as of the end of 2021, spread across 47 U.S. states and including 25 stores in Mexico. The firm serves professional and DIY customers through its store network and also boasts approximately 750 sales personnel targeting commercial buyers. Click Here to get the full Stock Report for O'Reilly Automotive Inc stock.

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