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What is the Market’s View on Haverty Furniture Companies, Inc. (HVT) Stock’s Price and Volume Trends Monday?

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Monday, April 01, 2024 02:19 PM | InvestorsObserver Analysts

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What is the Market's View on Haverty Furniture Companies, Inc. (HVT) Stock's Price and Volume Trends Monday?

Overall market sentiment has been high on Haverty Furniture Companies, Inc. (HVT) stock lately. HVT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Haverty Furniture Companies, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HVT!

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.

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 HVT Stock Today?

Haverty Furniture Companies, Inc. (HVT) stock is trading at $33.43 as of 1:59 PM on Monday, Apr 1, a drop of -$0.69, or -2.02% from the previous closing price of $34.12. The stock has traded between $33.08 and $33.97 so far today. Volume today is less active than usual. So far 37,997 shares have traded compared to average volume of 123,908 shares.

More About Haverty Furniture Companies, Inc.

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.

Click Here to get the full Stock Report for Haverty Furniture Companies, Inc. stock.

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