Overall market sentiment has been neutral on Udemy Inc (UDMY) stock lately. UDMY receives a Neutral rating 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. 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 UDMY Stock Today?
Udemy Inc (UDMY) stock is trading at $17.21 as of 10:53 AM on Thursday, Nov 10, a rise of $1.79, or 11.59% from the previous closing price of $15.42. The stock has traded between $15.85 and $17.23 so far today. Volume today is 344,113 compared to average volume of 403,535. To screen for more stocks like Udemy Inc click here.
More About Udemy Inc
Udemy Inc operates a marketplace platform at the center of a vibrant knowledge network. The platform provides over 44 million learners with access to over 183,000 courses in 75 languages and over 180 countries. Click Here to get the full Stock Report for Udemy Inc stock.
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