The market has been high on Sonic Automotive Inc (SAH) stock recently. SAH gets a Bullish score from InvestorsObserver's Stock 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.
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 SAH Stock Today?
Sonic Automotive Inc (SAH) stock has risen 5.02% while the S&P 500 has fallen -0.52% as of 1:14 PM on Friday, Jan 15. SAH is higher by $2.33 from the previous closing price of $46.39 on volume of 307,624 shares. Over the past year the S&P 500 has gained 14.79% while SAH is higher by 58.90%. SAH lost -$1.59 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Sonic Automotive Inc click here.
More About Sonic Automotive Inc
Sonic Automotive is the fourth- largest public auto dealership group in the United States by new-vehicle sales. The company has 84 franchised stores in 12 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 12 EchoPark used-vehicle stores. In addition to new- and used-vehicle sales, the company derives revenue from parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 90% of new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute over 60% of new-vehicle revenue. 2019's revenue was $10.5 billion, with EchoPark's portion totaling $1.2 billion.
Click Here to get the full Stock Score Report on Sonic Automotive Inc (SAH) Stock.
