The market has been high on 3D Systems Corporation (DDD) stock recently. DDD gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 DDD Stock Today?
3D Systems Corporation (DDD) stock is trading at $15.55 as of 10:07 AM on Thursday, Jan 7, a rise of $4.31, or 38.35% from the previous closing price of $11.24. The stock has traded between $12.36 and $15.75 so far today. Volume today is 4,174,953 compared to average volume of 3,974,459.
More About 3D Systems Corporation
3D Systems Corp provides comprehensive 3D printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, on-demand manufacturing services, and digital design tools. Its key end markets include healthcare, dental, aerospace, automotive and durable goods.