Is Advance Auto Parts, Inc.  (AAP) Stock About to Get Hot Monday?
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Monday, July 03, 2023 01:33 PM | Investors Observer Analysts

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The market has been high on Advance Auto Parts, Inc. (AAP) stock recently. AAP gets a Bullish score from InvestorsObserver Stock Sentiment Indicators.

Sentiment Score - , bullish
Advance Auto Parts, Inc. has a Bullish sentiment reading. Find out what this means to you and get the rest of the rankings on AAP!

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 latest trend. 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 batches that the price will go up, and puts, which are frequently batches that the price will fall.

What’s Happening With AAP Stock Today?

Advance Auto Parts, Inc. (AAP) stock is trading at $70.95 as of 1:00 PM on Monday, Jul 3, an increase of $0.65, or 0.92% from the previous closing price of $70.30. The stock has traded between $69.86 and $71.64 so far today. Today’s volume is less active than usual. So far 1,231,074 shares have traded compared to an average volume of 3,779,660 shares. To screen for more stocks like Advance Auto Parts, Inc. click here.

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. Click Here to get the full Stock Report for Advance Auto Parts, Inc. stock.

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