Overall market sentiment has been high on Flotek Industries Inc (FTK) stock lately. FTK receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 FTK Stock Today?
Flotek Industries Inc (FTK) stock has risen 6.27% while the S&P 500 is down -1.16% as of 10:26 AM on Tuesday, Sep 22. FTK is higher by $0.17 from the previous closing price of $2.71 on volume of 216,080 shares. Over the past year the S&P 500 is up 9.67% while FTK is higher by 30.32%. FTK lost -$2.07 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Flotek Industries Inc click here.
More About Flotek Industries Inc
Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high value compounds to companies that make food and beverages, cleaning products, cosmetics, and other. The company operates in the Energy Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries for use in oil and gas well drilling, cementing, completion, and stimulation activities.
Click Here to get the full Stock Score Report on Flotek Industries Inc (FTK) Stock.
