Essential Utilities Inc (WTRG) Stock: What Does the Chart Say Wednesday?

The market has been high on Essential Utilities Inc (WTRG) stock recently. WTRG gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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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 WTRG Stock Today?

Essential Utilities Inc (WTRG) stock is trading at $51.17 as of 10:34 AM on Wednesday, Dec 8, a gain of $1.01, or 2.01% from the previous closing price of $50.16. The stock has traded between $50.72 and $51.36 so far today. Volume today is below average. So far 131,517 shares have traded compared to average volume of 831,475 shares. To screen for more stocks like Essential Utilities Inc click here.

More About Essential Utilities Inc

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. It also has a small market-based water business that provides water and water services to third parties, notably natural gas producers. Its $4.3 billion Peoples Gas acquisition that closed in March 2020 adds 750,000 gas distribution customers in Pennsylvania, West Virginia, and Kentucky. Click Here to get the full Stock Report for Essential Utilities Inc stock.