The market has been down on Cellcom Israel Ltd. (CEL) stock recently. CEL gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CEL Stock Today?
Cellcom Israel Ltd. (CEL) stock is down -2.58% while the S&P 500 has risen 0.77% as of 10:02 AM on Monday, Aug 3. CEL is lower by -$0.10 from the previous closing price of $3.88 on volume of 21,036 shares. Over the past year the S&P 500 has gained 14.99% while CEL has risen 42.64%. CEL lost -$0.31 per share in the over the last 12 months.
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More About Cellcom Israel Ltd.
Cellcom Israel Ltd is the largest wireless provider in Israel and holds about one third of the market. The company offers basic voice services and data services such as Web browsing and music downloads. Cellcom is also launching a next-generation wireless service that supports higher data capacity. The company went public in February 2007, and its largest shareholder, Discount Investment, owns about 47% of its shares.
