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

Wednesday, September 28, 2022 03:26 PM | InvestorsObserver Analysts
What is the Market's View on Scotts Miracle-Gro Co (SMG) Stock's Price and Volume Trends Wednesday?

Overall market sentiment has been down on Scotts Miracle-Gro Co (SMG) stock lately. SMG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
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!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 SMG Stock Today?

Scotts Miracle-Gro Co (SMG) stock is trading at $48.39 as of 3:19 PM on Wednesday, Sep 28, a rise of $0.35, or 0.73% from the previous closing price of $48.04. Volume today is less active than usual. So far 543,864 shares have traded compared to average volume of 738,449 shares. The stock has traded between $47.43 and $48.53 so far today. To screen for more stocks like Scotts Miracle-Gro Co click here.

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.

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