The market has been down on Sleep Number Corp (SNBR) stock recently. SNBR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Sleep Number Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SNBR!
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.
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 SNBR Stock Today?
Sleep Number Corp (SNBR) stock is up 1.7% while the S&P 500 has fallen -0.42% as of 2:34 PM on Friday, Sep 30. SNBR has gained $0.57 from the previous closing price of $33.59 on volume of 191,238 shares. Over the past year the S&P 500 is lower by -16.84% while SNBR has fallen -67.63%. SNBR earned $4.31 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.92.
To see InvestorsObserver's Sentiment Score for Sleep Number Corp click here.
More About Sleep Number Corp
Sleep Number Corp. offers individualized mattresses and sleep solutions. Consumers can customize Sleep Number bedding to suit their comforts. The company utilizes algorithms and biometric data for customizations. Revenue is generated through marketing and selling bedding through two distribution channels: company-controlled, including direct-to-consumer retail and online sales; and wholesale, which sells through selected wholesale and retail customers. Almost all revenue comes from company-controlled retail sales. Sleep Number Corp. sells its products throughout the United States.
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