What is the market view on the price and volume trends of Boot Barn Holdings Inc (BOOT) shares on Friday?
General market sentiment has been bearish for shares of Boot Barn Holdings Inc (BOOT) lately. BOOT receives a bearish rating of Investors Observer Stock sentiment indicator.
What is stock market sentiment?
In investing, sentiment usually means whether or not a given security is in favor of investors. This is usually a fairly short-term measure that relies entirely on technical analysis. This means that it does not integrate anything to do with the health or profitability of the underlying business.
Price action is usually the best indicator of sentiment. For a stock to go up, investors need to feel good about it. Likewise, a stock that is in a downtrend must be out of favor.
Investors ObserverThe s sentiment indicator takes into account the 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 occur soon.
The options market is another place to get sentiment signals. Since options allow investors to place bets on the price of a stock, we consider the ratio of call and put options for stocks for which options are available.
What’s going on with BOOT Stock today?
Boot Barn Holdings Inc (BOOT) stock is trading at $ 81.80 at 1:44 p.m. on Friday, July 9, up $ 2.25, or 2.83% from the previous closing price of 79. $ 55. The stock has traded between $ 80.56 and $ 82.21 so far today. The volume today is below average. So far, 223,613 shares have been traded for an average volume of 404,123 shares.
To view the top 5 stocks in the clothing retail industry, click here.
Learn more about Boot Barn Holdings Inc
Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work shoes, clothing, and accessories in the United States. This is a single operating segment, which includes the net sales generated by its retail stores and e-commerce websites.
Click here for the full Boot Barn Holdings Inc (BOOT) Stock Score Report.