The market has been high on Wayside Technology Group, Inc. (WSTG) stock recently. WSTG gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 WSTG Stock Today?
Wayside Technology Group, Inc. (WSTG) stock is trading at $29.25 as of 11:59 AM on Thursday, Nov 4, a rise of $1.25, or 4.46% from the previous closing price of $28.00. The stock has traded between $29.00 and $29.91 so far today. Volume today is above average. So far 17,768 shares have traded compared to average volume of 4,686 shares.
More About Wayside Technology Group, Inc.
Wayside Technology Group Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. Wayside operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork and TechXtend. The company provides information technology distribution and solutions for emerging companies in the Security, Data Management, Cloud, Connectivity, Storage & HCI, Virtualization, and Software & ALM industries. Click Here to get the full Stock Report for Wayside Technology Group, Inc. stock.
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