The market has been down on Flexsteel Industries, Inc. (FLXS) stock recently. FLXS gets a Bearish score 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.
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 FLXS Stock Today?
Flexsteel Industries, Inc. (FLXS) stock is trading at $18.93 as of 2:26 PM on Thursday, Sep 10, a gain of $1.00, or 5.58% from the previous closing price of $17.93. The stock has traded between $18.10 and $19.30 so far today. Volume today is elevated. So far 91,854 shares have traded compared to average volume of 70,197 shares.
To see InvestorsObserver's Sentiment Score for Flexsteel Industries, Inc. click here.
More About Flexsteel Industries, Inc.
Flexsteel Industries Inc is a United States-based company that manufactures, imports and markets residential and commercial upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.
Click Here to get the full Stock Score Report on Flexsteel Industries, Inc. (FLXS) Stock.
