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Electric Vehicle Watch: Blink Charging Co (BLNK) Is Bearish And Rising Wednesday

Wednesday, September 28, 2022 02:49 PM | InvestorsObserver Analysts
Electric Vehicle Watch: Blink Charging Co (BLNK) Is Bearish And Rising Wednesday

BLNK, a player in the electric vehicle market, is higher by 5.55% Wednesday as it outperforms the market. Overall market sentiment has been down on Blink Charging Co (BLNK) stock lately. BLNK receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Blink Charging Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BLNK!

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. 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 BLNK Stock Today?

Blink Charging Co (BLNK) stock is trading at $19.22 as of 2:44 PM on Wednesday, Sep 28, a gain of $1.01, or 5.55% from the previous closing price of $18.21. The stock has traded between $18.00 and $19.32 so far today. Volume today is low. So far 473,246 shares have traded compared to average volume of 884,647 shares. To screen for more stocks like Blink Charging Co click here.

More About Blink Charging Co

Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. Its principal line of products and services are the Blink EV charging network (the Blink Network) and EV charging equipment (also known as electric vehicle supply equipment), and EV-related services. Click Here to get the full Stock Report for Blink Charging Co stock.

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