Do Traders Think Union Pacific Corporation (UNP) Can Keep Climbing Thursday?

Overall market sentiment has been high on Union Pacific Corporation (UNP) stock lately. UNP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Union Pacific Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UNP!

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With UNP Stock Today?

Union Pacific Corporation (UNP) stock is trading at $228.50 as of 11:07 AM on Thursday, Oct 21, a rise of $0.49, or 0.21% from the previous closing price of $228.01. Volume today is less active than usual. So far 894,043 shares have traded compared to average volume of 3,461,593 shares. The stock has traded between $226.94 and $230.80 so far today. To screen for more stocks like Union Pacific Corporation click here.

More About Union Pacific Corporation

Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the U.S., UP generated roughly $20 billion of revenue in 2020 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and derives about 10% of its revenue hauling freight to and from Mexico. Click Here to get the full Stock Report for Union Pacific Corporation stock.