Where Will Tractor Supply Company (TSCO) Stock Go Next After It Has Gained 3.91% in a Week?

Overall market sentiment has been high on Tractor Supply Company (TSCO) stock lately. TSCO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Tractor Supply Company has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TSCO!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 TSCO Stock Today?

Tractor Supply Company (TSCO) stock is trading at $205.82 as of 12:39 PM on Tuesday, May 17, a gain of $0.21, or 0.1% from the previous closing price of $205.61. Volume today is below average. So far 499,157 shares have traded compared to average volume of 1,194,629 shares. The stock has traded between $201.89 and $208.44 so far today. To see InvestorsObserver's Sentiment Score for Tractor Supply Company click here.

More About Tractor Supply Company

Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,003 of its namesake banners in 49 states and 178 Petsense stores. Stores are typically located in towns outside of urban areas and in rural communities. In fiscal 2021, revenue consisted primarily of livestock and pet (47%), hardware, tools, and truck (21%), and seasonal gift and toy (21%). Click Here to get the full Stock Report for Tractor Supply Company stock.