Overall market sentiment has been down on Bumble Inc (BMBL) stock lately. BMBL receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Bumble Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BMBL!
What is Stock Sentiment?
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 BMBL Stock Today?
Bumble Inc (BMBL) stock is trading at $14.65 as of 1:04 PM on Friday, Sep 22, an increase of $0.24, or 1.67% from the previous closing price of $14.41. The stock has traded between $14.44 and $14.89 so far today. Volume today is less active than usual. So far 963,605 shares have traded compared to average volume of 1,515,543 shares.
To see InvestorsObserver's Sentiment Score for Bumble Inc click here.
More About Bumble Inc
Bumble Inc is engaged in offering online dating services. The company operates two apps, Bumble and Badoo, where users come on a monthly basis to discover new people and connect with each other.
Click Here to get the full Stock Report for Bumble Inc stock.