Open Text Corp (OTEX) Stock: What Does the Chart Say Friday?

Friday, October 08, 2021 12:47 PM | InvestorsObserver Analysts

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Open Text Corp (OTEX) stock has risen 0.41% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Open Text Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OTEX!
See Full OTEX Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 OTEX Stock Today?

Open Text Corp (OTEX) stock has risen 0.06% while the S&P 500 has fallen -0.04% as of 12:34 PM on Friday, Oct 8. OTEX has gained $0.03 from the previous closing price of $49.25 on volume of 131,750 shares. Over the past year the S&P 500 has risen 28.62% while OTEX has gained 17.95%. OTEX earned $1.14 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 43.41. To see InvestorsObserver's Sentiment Score for Open Text Corp click here.

More About Open Text Corp

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada. Click Here to get the full Stock Report for Open Text Corp stock.

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