Denbury Inc (DEN) Stock: What Does the Chart Say Wednesday?

Wednesday, October 11, 2023 10:06 AM | InvestorsObserver Analysts

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Denbury Inc (DEN) Stock: What Does the Chart Say Wednesday?

The market has been neutral on Denbury Inc (DEN) stock recently. DEN gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Denbury Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on DEN!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 DEN Stock Today?

Denbury Inc (DEN) stock is down -3.96% while the S&P 500 has risen 0.18% as of 10:05 AM on Wednesday, Oct 11. DEN is lower by -$3.67 from the previous closing price of $92.59 on volume of 89,083 shares. Over the past year the S&P 500 is up 20.87% while DEN is lower by -10.20%. DEN earned $8.96 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.92. To screen for more stocks like Denbury Inc click here.

More About Denbury Inc

Denbury Inc is an independent energy company. Its operations are focused on two key operating areas: the Gulf Coast and Rocky Mountain regions. The company is differentiated by its focus on CO2 EOR and the emerging CCUS industry, supported by the company's CO2 EOR technical and operational expertise and its CO2 pipeline infrastructure. Click Here to get the full Stock Report for Denbury Inc stock.