Overall market sentiment has been high on Amplify Energy Corp (AMPY) stock lately. AMPY receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 AMPY Stock Today?
Amplify Energy Corp (AMPY) stock is trading at $1.35 as of 2:44 PM on Friday, Dec 4, a rise of $0.16, or 13.45% from the previous closing price of $1.19. The stock has traded between $1.20 and $1.44 so far today. Volume today is elevated. So far 1,233,005 shares have traded compared to average volume of 785,697 shares.
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More About Amplify Energy Corp
Amplify Energy Corp is an upstream company focused on the acquisition, production, and development of oil and gas properties in the United States. Its properties consist of mature, legacy oil and natural gas fields. Its assets consist primarily of producing oil and natural gas properties located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and South Texas.
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