Overall market sentiment has been high on Rev Group Inc (REVG) stock lately. REVG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 REVG Stock Today?
Rev Group Inc (REVG) stock is down -5.19% while the S&P 500 has risen 1.44% as of 1:03 PM on Thursday, Jan 7. REVG is down -$0.48 from the previous closing price of $9.24 on volume of 372,944 shares. Over the past year the S&P 500 is higher by 17.46% while REVG is down -23.76%. REVG lost -$0.47 per share in the over the last 12 months.
To see the top 5 stocks in the Farm & Heavy Construction Machinery industry click here.
More About Rev Group Inc
REV Group Inc is a United States based designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. It provides customized vehicle solutions for applications including essential needs, industrial and commercial and consumer leisure. The operating segments of the company are Fire and Emergency, Commercial and Recreation. The products of the company are sold to municipalities, government agencies, private contractors, consumers and industrial and commercial end users. It derives a majority of the revenue from the Fire and Emergency segment which includes manufacturing of fire apparatus and ambulance products. The company operates in the US and Canada, Middle East and rest of the world.
Click Here to get the full Stock Score Report on Rev Group Inc (REVG) Stock.
