Where Will Vroom Inc (VRM) Stock Go Next After It Has Gained 40.87% in a Week?

Overall market sentiment has been down on Vroom Inc (VRM) stock lately. VRM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Vroom Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VRM!

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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 VRM Stock Today?

Vroom Inc (VRM) stock is trading at $16.20 as of 1:25 PM on Wednesday, Mar 13, a rise of $4.83, or 42.48% from the previous closing price of $11.37. The stock has traded between $10.84 and $17.27 so far today. Volume today is high. So far 244,441 shares have traded compared to average volume of 92,260 shares.

More About Vroom Inc

Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company's ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions. Click Here to get the full Stock Report for Vroom Inc stock.