The market has been down on Cheesecake Factory Inc (CAKE) stock recently. CAKE gets a Bearish score from InvestorsObserver’s 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.
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 CAKE Stock Today?
Cheesecake Factory Inc (CAKE) stock has gained 5.66% while the S&P 500 has fallen -0.98% as of 10:02 AM on Thursday, Feb 18. CAKE is higher by $2.68 from the previous closing price of $47.33 on volume of 121,318 shares. Over the past year the S&P 500 has gained 15.50% while CAKE is higher by 24.53%. CAKE lost -$4.36 per share in the over the last 12 months.
To screen for more stocks like Cheesecake Factory Inc click here.
More About Cheesecake Factory Inc
Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company’s international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and others. Most of the company’s revenue comes from The Cheesecake Factory restaurants segment.
Click Here to get the full Stock Score Report on Cheesecake Factory Inc (CAKE) Stock.
