How Will the Market React to California Resources Corp (CRC) Stock Getting a Bearish Rating

California Resources Corp (CRC) stock is down 3.34% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

California Resources Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CRC!

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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 CRC Stock Today?

California Resources Corp (CRC) stock has fallen -0.22% while the S&P 500 has risen 0.35% as of 12:08 PM on Friday, Sep 22. CRC is down -$0.12 from the previous closing price of $55.41 on volume of 64,790 shares. Over the past year the S&P 500 is up 14.65% while CRC has risen 34.00%. CRC earned $12.14 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.56. To see InvestorsObserver's Sentiment Score for California Resources Corp click here.

More About California Resources Corp

California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects. Click Here to get the full Stock Report for California Resources Corp stock.