How Will the Market React to Calumet Specialty Products Partners, L.P (CLMT) Stock Getting a Bullish Rating

Calumet Specialty Products Partners, L.P (CLMT) stock has gained 16.18% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Calumet Specialty Products Partners, L.P has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CLMT!

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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. 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 CLMT Stock Today?

Calumet Specialty Products Partners, L.P (CLMT) stock is trading at $17.02 as of 12:56 PM on Wednesday, Nov 22, a gain of $1.64, or 10.7% from the previous closing price of $15.38. The stock has traded between $15.44 and $17.25 so far today. Volume today is 147,214 compared to average volume of 186,613.

More About Calumet Specialty Products Partners, L.P

Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments namely Specialty Products and Solutions segment manufacture and market solvents, waxes, customized lubricating oils, white oils, petrolatum's, gels, esters, and other products. In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands. The Montana/Renewables segment is comprised of two businesses - renewable diesel and specialty asphalt. The Corporate segment primarily consists of general and administrative expenses not allocated to the Specialty Products and Solutions, Performance Brands or Montana/Renewables segments. Click Here to get the full Stock Report for Calumet Specialty Products Partners, L.P stock.