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Advance Auto Parts, Inc. (AAP) stock is lower by 1.62% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 AAP Stock Today?
Advance Auto Parts, Inc. (AAP) stock has risen 0.46% while the S&P 500 is down -0.27% as of 2:03 PM on Wednesday, Aug 16. AAP is up $0.32 from the previous closing price of $69.73 on volume of 662,540 shares. Over the past year the S&P 500 is higher by 3.00% while AAP is down -65.88%. AAP earned $6.72 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.44.
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More About Advance Auto Parts, Inc.
Advance Auto Parts is one of the industry’s largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 4,972 stores as of the end of 2021, in addition to servicing 1,317 independently owned Carquest stores. The company’s Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 58% of its 2021 sales from commercial clients, up from 30%-40% before the General Parts deal.
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