Ion Geophysical Corp (IO) stock has gained 22.00% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Recent trends are a good indicator 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 IO Stock Today?
Ion Geophysical Corp (IO) stock is trading at $2.44 as of 2:48 PM on Friday, Dec 4, a rise of $0.40, or 19.61% from the previous closing price of $2.04. The stock has traded between $2.11 and $2.45 so far today. Volume today is elevated. So far 746,420 shares have traded compared to average volume of 224,891 shares.
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More About Ion Geophysical Corp
ION Geophysical Corp is a United States of America based technology-focused company which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through three segments namely E&P Technology and Services, E&P Operations Optimization, and Ocean Bottom Integrated Technologies. It generates maximum revenue from the Ocean Bottom Integrated Technologies segment. The company has a presence in Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and Commonwealth of the Independent States of which it generates maximum revenue from Latin America.
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