Where Will Vroom Inc (VRM) Stock Go Next After It Is Higher By 28.40% in a Week?

Vroom Inc (VRM) stock has gained 28.40% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Vroom Inc has a Bullish 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?

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. 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 lower by -0.95% while the S&P 500 has risen 0.42% as of 10:50 AM on Tuesday, Nov 7. VRM has fallen -$0.01 from the previous closing price of $1.05 on volume of 468,173 shares. Over the past year the S&P 500 has gained 15.17% while VRM has risen 14.29%. VRM lost -$1.21 per share in the over the last 12 months.

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.