Flotek Industries Inc (FTK) Stock: What Does the Chart Say Thursday?

Flotek Industries Inc (FTK) stock has risen 13.70% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Flotek Industries Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FTK!

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With FTK Stock Today?

Flotek Industries Inc (FTK) stock has gained 8.45% while the S&P 500 is down -0.6% as of 12:14 PM on Thursday, Aug 24. FTK is up $0.06 from the previous closing price of $0.77 on volume of 381,003 shares. Over the past year the S&P 500 has risen 6.80% while FTK is down -23.85%. FTK lost -$0.37 per share in the over the last 12 months.

More About Flotek Industries Inc

Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days. Click Here to get the full Stock Report for Flotek Industries Inc stock.