Do Traders Think IDEX Corporation (IEX) Can Keep Climbing Friday?

IDEX Corporation (IEX) stock is higher by 0.82% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

IDEX Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on IEX!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With IEX Stock Today?

IDEX Corporation (IEX) stock is trading at $199.21 as of 1:00 PM on Friday, Nov 24, a gain of $1.96, or 0.99% from the previous closing price of $197.25. The stock has traded between $197.97 and $200.00 so far today. Volume today is light. So far 196,572 shares have traded compared to average volume of 640,214 shares. To screen for more stocks like IDEX Corporation click here.

More About IDEX Corporation

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $2.8 billion in revenue and $661 million in adjusted operating income in 2021. Click Here to get the full Stock Report for IDEX Corporation stock.