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.
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 SRCL Stock Today?
Stericycle Inc (SRCL) stock has gained 2.8% while the S&P 500 is down -0.1% as of 11:14 AM on Thursday, Dec 1. SRCL is higher by $1.46 from the previous closing price of $52.13 on volume of 505,043 shares. Over the past year the S&P 500 is down -10.75% while SRCL is down -5.15%. SRCL earned $0.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 712.63.
To see InvestorsObserver's Sentiment Score for Stericycle Inc click here.
More About Stericycle Inc
Stericycle is the largest provider of medical waste disposal and data destruction (primarily paper shredding) services in the United States. Its next closest national competitor in the medical waste disposal space is Sharps Compliance, which generated $76 million of sales in fiscal 2021 (about 4% of Stericycle's global regulated waste and compliance revenue). Stericycle's data destruction business (Shred-It) is about twice the size of its closest competitor (Iron Mountain's information destruction segment). Stericycle has a global presence, with about 20% of its revenue earned outside North America.
Click Here to get the full Stock Report for Stericycle Inc stock.
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