Shift Technologies Inc (SFT) Stock: What Does the Chart Say Friday? – InvestorsObserver
Shift Technologies Inc (SFT) stock is lower by 15.79% over the past week and gets a Bearish rating from InvestorsObserver 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock’s trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver‘s Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What’s Happening With SFT Stock Today?
Shift Technologies Inc (SFT) stock is unmoved 2.03% while the S&P 500 is up 0.32% as of 12:07 PM on Friday, Dec 23. SFT is unmoved $0.00 from the previous closing price of $0.15 on volume of 639,112 shares. Over the past year the S&P 500 is lower by -18.36% while SFT is down -95.12%. SFT lost -$2.96 per share in the over the last 12 months. To screen for more stocks like Shift Technologies Inc click here.
More About Shift Technologies Inc
Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The company makes car purchase and ownership simple – making buying or selling a used car fun, fair, and accessible to everyone. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive brought to you before buying the car, a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail. Click Here to get the full Stock Report for Shift Technologies Inc stock.
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