SandRidge Energy Inc. (SD) stock is up 18.18% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 SD Stock Today?
SandRidge Energy Inc. (SD) stock has risen 10.17% while the S&P 500 is down -1.63% as of 1:28 PM on Friday, Oct 23. SD is up $0.18 from the previous closing price of $1.77 on volume of 472,355 shares. Over the past year the S&P 500 is up 14.06% while SD is down -57.88%. SD lost -$18.54 per share in the over the last 12 months.
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