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!
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 TSCO Stock Today?
Tractor Supply Company (TSCO) stock is trading at $210.42 as of 1:42 PM on Friday, Oct 22, of -$0.01, or 0% from the previous closing price of $210.42. Volume today is less active than usual. So far 347,779 shares have traded compared to average volume of 846,585 shares. The stock has traded between $209.84 and $214.26 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 1,955 stores in 49 states and 174 Petsense stores. Stores are typically located in towns outside of urban areas and in rural communities. In fiscal 2020, 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.
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