Overall market sentiment has been high on Caleres Inc (CAL) stock lately. CAL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Caleres Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CAL!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CAL Stock Today?
Caleres Inc (CAL) stock is down -9.06% while the S&P 500 has gained 0.56% as of 2:11 PM on Wednesday, Nov 23. CAL is down -$2.50 from the previous closing price of $27.58 on volume of 396,507 shares. Over the past year the S&P 500 has fallen -14.02% while CAL is down -10.43%. CAL earned $5.15 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.87.
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More About Caleres Inc
Caleres Inc is a footwear retailer in the United States. The company is engaged in the operation of retail shoe stores and e-commerce websites, as well as the design, sourcing, and marketing of footwear for women and men. It offers products under Naturalizer, Dr. Scholl's, LifeStride, Ryka, and Franco Sarto brands. It operates approx 1,221 retail shoe stores in the United States, Canada, Guam, and Italy, primarily under the Famous Footwear, LifeStride, Naturalizer, Blowfish Malibu, Fergie Footwear, and Allen Edmonds names.
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