Do Traders Think Check Point Software Technologies Ltd. (CHKP) Can Keep Climbing Friday?

Overall market sentiment has been high on Check Point Software Technologies Ltd. (CHKP) stock lately. CHKP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Check Point Software Technologies Ltd. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CHKP!

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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 CHKP Stock Today?

Check Point Software Technologies Ltd. (CHKP) stock is trading at $114.54 as of 3:01 PM on Friday, Dec 17, a loss of -$0.20, or -0.17% from the previous closing price of $114.74. Volume today is 872,283 compared to average volume of 1,124,305. The stock has traded between $113.52 and $115.47 so far today. To see InvestorsObserver's Sentiment Score for Check Point Software Technologies Ltd. click here.

More About Check Point Software Technologies Ltd.

Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. At the end of 2020, 45% of its revenue was from the Americas, 43% from Europe, and 12% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees. Click Here to get the full Stock Report for Check Point Software Technologies Ltd. stock.