The market has been high on Altus Midstream Co (ALTM) stock recently. ALTM gets a Bullish score from InvestorsObserver's Stock 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.
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 ALTM Stock Today?
Altus Midstream Co (ALTM) stock is down -6.12% while the S&P 500 has risen 0.07% as of 2:04 PM on Thursday, Nov 19. ALTM is lower by -$2.44 from the previous closing price of $39.84 on volume of 59,465 shares. Over the past year the S&P 500 is up 14.43% while ALTM has risen 10.65%. ALTM lost -$99.45 per share in the over the last 12 months.
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More About Altus Midstream Co
Altus Midstream Co is the United States-based midstream corporation. Through its consolidated subsidiaries, it owns natural gas gathering, processing, and transmission assets including transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities in the Permian Basin of West Texas. The majority of the revenue is generated from gas processing services.
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