Do Traders Think Cyxtera Technologies Inc (CYXT) Can Turn Around Monday?

Monday, March 20, 2023 03:09 PM | InvestorsObserver Analysts

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Do Traders Think Cyxtera Technologies Inc (CYXT) Can Turn Around Monday?

Overall market sentiment has been down on Cyxtera Technologies Inc (CYXT) stock lately. CYXT receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Cyxtera Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CYXT!

See Full CYXT Report

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. 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 CYXT Stock Today?

Cyxtera Technologies Inc (CYXT) stock is down -1.08% while the S&P 500 is up 0.64% as of 3:07 PM on Monday, Mar 20. CYXT is lower by -$0.01 from the previous closing price of $1.39 on volume of 2,933,620 shares. Over the past year the S&P 500 is down -11.64% while CYXT is lower by -87.95%. CYXT lost -$1.99 per share in the over the last 12 months. To screen for more stocks like Cyxtera Technologies Inc click here.

More About Cyxtera Technologies Inc

Cyxtera Technologies Inc is engaged in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera brings proven operational excellence, global scale, flexibility and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services. Click Here to get the full Stock Report for Cyxtera Technologies Inc stock.