Overall market sentiment has been high on Vivint Smart Home Inc (VVNT) stock lately. VVNT receives a Bullish rating from InvestorsObserver’s Stock Sentiment Indicator.
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.
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 VVNT Stock Today?
Vivint Smart Home Inc (VVNT) stock is trading at $19.11 as of 10:41 AM on Thursday, Nov 5, a gain of $1.72, or 9.89% from the previous closing price of $17.39. The stock has traded between $17.47 and $19.30 so far today. Volume today is 183,383 compared to average volume of 232,764.
More About Vivint Smart Home Inc
Vivint Smart Home Inc is a smart home technology company. Its smart home platform is comprised of its Smart Home Operating System; AI-driven smart home automation and assistance software, Vivint Assist; internally developed smart devices; neutral ecosystem; and tech-enabled premium services, including consultative selling, professional installation, and support. The company offers Home Security Systems, Wireless Security Cameras, Smart Security Devices such as Smart Locks & Garage Door Openers, Doorbell Video Cameras, and Burglary Sensor Detection.