Do Traders Think Malibu Boats Inc (MBUU) Can Turn Around Monday? – InvestorsObserver


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Monday, June 14, 2021 10: 58 AM | InvestorsObserver Analysts

The market has been down on Malibu Boats Inc (MBUU) stock recently. MBUU gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Malibu Boats Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MBUU!

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 MBUU Stock Today?
Malibu Boats Inc (MBUU) stock is trading at $72.25 as of 10: 56 AM on Monday, Jun 14, a decline of -$0.68, or -0.93% from the previous closing price of $72.93. The stock has traded between $70.68 and $73.39 so far today. Volume today is less active than usual. So far 83,591 shares have traded compared to average volume of 185,205 shares.
To screen for more stocks like Malibu Boats Inc click here.
More About Malibu Boats Inc
Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats, in 2017, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines for its performance sport boats. Malibu's target market includes a wide range of water enthusiasts who embrace active lifestyles.
Click Here to get the full Stock Score Report on Malibu Boats Inc (MBUU) Stock.

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