Borr Drilling Ltd (BORR) Stock: What Does the Chart Say Monday?

Borr Drilling Ltd (BORR) stock has gained 5.82% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Borr Drilling Ltd has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on BORR!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With BORR Stock Today?

Borr Drilling Ltd (BORR) stock is trading at $6.36 as of 11:18 AM on Monday, Nov 20, an increase of $0.15, or 2.42% from the previous closing price of $6.21. The stock has traded between $6.25 and $6.48 so far today. Volume today is below average. So far 647,480 shares have traded compared to average volume of 1,296,257 shares. To see InvestorsObserver's Sentiment Score for Borr Drilling Ltd click here.

More About Borr Drilling Ltd

Borr Drilling Ltd is a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. The company operates a fleet of 16 jack-up drilling rigs. Geographically the activities are carried out through Norway. Click Here to get the full Stock Report for Borr Drilling Ltd stock.