Is CVR Energy, Inc. (CVI) a Stock to Watch After Gaining 2.28% This Week?

Wednesday, June 29, 2022 02:18 PM | InvestorsObserver Analysts

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The market has been high on CVR Energy, Inc. (CVI) stock recently. CVI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

CVR Energy, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CVI!
See Full CVI Report

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. 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 bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CVI Stock Today?

CVR Energy, Inc. (CVI) stock is lower by -4.24% while the S&P 500 is up 0.19% as of 2:04 PM on Wednesday, Jun 29. CVI is lower by -$1.57 from the previous closing price of $37.05 on volume of 392,729 shares. Over the past year the S&P 500 has fallen -10.76% while CVI is up 93.14%. CVI earned $1.57 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.58.

More About CVR Energy, Inc.

CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives. Click Here to get the full Stock Report for CVR Energy, Inc. stock.

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