Beacon Roofing Supply Inc (BECN) stock has risen 5.09% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Beacon Roofing Supply Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BECN! See Full BECN Report What is Stock Sentiment? When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 BECN Stock Today? Beacon Roofing Supply Inc (BECN) stock is trading at $60.07 as of 1:24 PM on Friday, Jul 29, an increase of $0.47, or 0.8% from the previous closing price of $59.59. The stock has traded between $59.68 and $60.96 so far today. Volume today is light. So far 218,509 shares have traded compared to average volume of 545,924 shares. More About Beacon Roofing Supply Inc Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States. Click Here to get the full Stock Report for Beacon Roofing Supply Inc stock.
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