Do Traders Think Valero Energy Corporation (VLO) Can Keep Climbing Friday?

The market has been high on Valero Energy Corporation (VLO) stock recently. VLO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Valero Energy Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on VLO!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 VLO Stock Today?

Valero Energy Corporation (VLO) stock has fallen -0.37% while the S&P 500 has gained 0.06% as of 1:00 PM on Friday, Nov 24. VLO has fallen -$0.46 from the previous closing price of $125.42 on volume of 1,204,294 shares. Over the past year the S&P 500 has gained 13.21% while VLO has fallen -10.24%. VLO earned $29.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.26. To screen for more stocks like Valero Energy Corporation click here.

More About Valero Energy Corporation

Valero Energy is one of the largest independent refiners in the United States. It operates 14 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 14 ethanol plants with capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 700 million gallons per year of renewable diesel. Click Here to get the full Stock Report for Valero Energy Corporation stock.