Overall market sentiment has been down on Designer Brands Inc (DBI) stock lately. DBI receives a Bearish 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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What’s Happening With DBI Stock Today?
Designer Brands Inc (DBI) stock has gained 4.53% while the S&P 500 has fallen -0.01% as of 9:58 AM on Wednesday, May 26. DBI has risen $0.82 from the previous closing price of $18.09 on volume of 66,806 shares. Over the past year the S&P 500 is higher by 39.97% while DBI has risen 199.21%. DBI lost -$6.77 per share in the over the last 12 months.
To see InvestorsObserver‘s Sentiment Score for Designer Brands Inc click here.
More About Designer Brands Inc
Designer Brands Inc is a retailer engaged in branded footwear in the United States. It offers a wide selection of brand name and designer dress, casual, and athletic footwear for women and men. Group functions through U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment includes stores operated in the U.S. under the DSW Designer Shoe Warehouse banner and its related e-commerce site. The Canada Retail segment includes stores operated in Canada under The Shoe Company, Shoe Warehouse, DSW Designer Shoe Warehouse banners and related e-commerce sites. The Brand Portfolio segment is engaged in sale of wholesale products to retailers and sale of branded products on direct-to-consumer e-commerce sites and other activities.
Click Here to get the full Stock Score Report on Designer Brands Inc (DBI) Stock.