Do Traders Think WEX Inc (WEX) Can Keep Climbing Wednesday?

Overall market sentiment has been high on WEX Inc (WEX) stock lately. WEX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

WEX Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WEX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 WEX Stock Today?

WEX Inc (WEX) stock is trading at $226.06 as of 2:48 PM on Wednesday, Mar 6, an increase of $2.11, or 0.94% from the previous closing price of $223.94. The stock has traded between $224.87 and $228.79 so far today. Volume today is less active than usual. So far 204,856 shares have traded compared to average volume of 350,639 shares. To see InvestorsObserver's Sentiment Score for WEX Inc click here.

More About WEX Inc

WEX Inc is a provider of corporate payment solutions. The company operates three business segments: fleet solutions, Travel & Corporate Solutions, and Health & Employee Benefit Solutions. Fleet Solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America. Click Here to get the full Stock Report for WEX Inc stock.