Overall market sentiment has been high on Urban Outfitters, Inc. (URBN) stock lately. URBN receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 URBN Stock Today?
Urban Outfitters, Inc. (URBN) stock is trading at $31.88 as of 3:07 PM on Monday, Nov 23, a rise of $1.56, or 5.16% from the previous closing price of $30.32. The stock has traded between $30.15 and $31.98 so far today. Volume today is 2,140,398 compared to average volume of 1,887,156.
More About Urban Outfitters, Inc.
Urban Outfitters is an apparel and home goods retailer that operates more than 600 stores in North America and Europe under the Urban Outfitters, Free People, Anthropologie, Terrain, and Bhldn brands. The firm also sells products through e-commerce, catalogs, its Nuuly clothing rental business, and approximately 2,300 department and specialty stores. Urban Outfitters primarily markets to young adults and offers products in categories such as women's and men's apparel, home goods, shoes, wedding, and outdoors. Urban Outfitters was founded in 1970 and is based in Philadelphia.