Salem Media Group Inc (SALM) stock is higher by 6.45% 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.
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 SALM Stock Today?
Salem Media Group Inc (SALM) stock is trading at $1.65 as of 3:15 PM on Friday, Jan 22, a drop of -$0.10, or -5.71% from the previous closing price of $1.75. The stock has traded between $1.55 and $1.74 so far today. Volume today is above average. So far 671,246 shares have traded compared to average volume of 374,745 shares.
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More About Salem Media Group Inc
Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The Company has three operating segments, Broadcast, Digital Media, and Publishing. Digital media-based businesses provide Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web. Salem derives a substantial part of total revenues from the sale of advertising.
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