Where Will Advance Auto Parts, Inc. (AAP) Stock Go Next After It Is Higher By 0.81% in a Week?

The market has been down on Advance Auto Parts, Inc. (AAP) stock recently. AAP gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Advance Auto Parts, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AAP!

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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. 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 AAP Stock Today?

Advance Auto Parts, Inc. (AAP) stock is trading at $53.51 as of 2:50 PM on Friday, Dec 1, a gain of $2.72, or 5.36% from the previous closing price of $50.79. The stock has traded between $50.64 and $53.75 so far today. Volume today is low. So far 1,221,571 shares have traded compared to average volume of 2,135,209 shares.

More About Advance Auto Parts, Inc.

Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 4,972 stores as of the end of 2021, in addition to servicing 1,317 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 58% of its 2021 sales from commercial clients, up from 30%-40% before the General Parts deal. Click Here to get the full Stock Report for Advance Auto Parts, Inc. stock.