Overall market sentiment has been down on Vroom Inc (VRM) stock lately. VRM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Vroom Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VRM!
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 VRM Stock Today?
Vroom Inc (VRM) stock is trading at $0.80 as of 12:16 PM on Thursday, Oct 26, a loss of -$0.01, or -1.63% from the previous closing price of $0.81. The stock has traded between $0.80 and $0.86 so far today. Volume today is less active than usual. So far 656,654 shares have traded compared to average volume of 1,867,422 shares.
To see InvestorsObserver's Sentiment Score for Vroom Inc click here.
More About Vroom Inc
Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company's ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions.
Click Here to get the full Stock Report for Vroom Inc stock.
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