What is the Market's View on Scotts Miracle-Gro Co (SMG) Stock's Price and Volume Trends Friday?

The market has been down on Scotts Miracle-Gro Co (SMG) stock recently. SMG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Scotts Miracle-Gro Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SMG!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SMG Stock Today?

Scotts Miracle-Gro Co (SMG) stock is trading at $133.92 as of 2:51 PM on Friday, Dec 3, a decline of -$5.77, or -4.13% from the previous closing price of $139.69. The stock has traded between $133.92 and $141.40 so far today. Volume today is 370,785 compared to average volume of 438,022.

More About Scotts Miracle-Gro Co

Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business. Click Here to get the full Stock Report for Scotts Miracle-Gro Co stock.