MakeMyTrip Limited (MMYT) stock has gained 8.75% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With MMYT Stock Today?
MakeMyTrip Limited (MMYT) stock is higher by 2.35% while the S&P 500 is down -1.63% as of 2:55 PM on Tuesday, Oct 20. MMYT has gained $0.44 from the previous closing price of $18.70 on volume of 370,115 shares. Over the past year the S&P 500 has gained 13.98% while MMYT is down -10.77%. MMYT lost -$4.26 per share in the over the last 12 months.
More About MakeMyTrip Limited
MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day to day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet based platforms, call-centers, and branch offices, provides holiday packages and hotel reservations. Its Air ticketing segment includes internet based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.