Overall market sentiment has been neutral on Cactus Inc (WHD) stock lately. WHD receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 WHD Stock Today?
Cactus Inc (WHD) stock is trading at $20.71 as of 1:14 PM on Tuesday, Sep 8, a loss of -$1.46, or -6.59% from the previous closing price of $22.17. The stock has traded between $20.36 and $21.75 so far today. Volume today is low. So far 90,901 shares have traded compared to average volume of 288,099 shares.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About Cactus Inc
Cactus Inc is primarily engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. It generates most of its revenue through the sale of wellhead systems, rental income, field service and other activities.
Click Here to get the full Stock Score Report on Cactus Inc (WHD) Stock.
