Renewable Energy Group Inc (REGI) stock is down 2.41% over the past week and gets a Bearish rating from InvestorsObserver's 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.
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 REGI Stock Today?
Renewable Energy Group Inc (REGI) stock is trading at $62.24 as of 3:01 PM on Friday, Apr 16, a gain of $1.56, or 2.56% from the previous closing price of $60.68. The stock has traded between $60.11 and $63.47 so far today. Volume today is less active than usual. So far 870,453 shares have traded compared to average volume of 1,589,700 shares.
To see InvestorsObserver's Sentiment Score for Renewable Energy Group Inc click here.
More About Renewable Energy Group Inc
Renewable Energy Group Inc is a producer and refiner of biofuels in the oil and gas industry. The company's operations include acquiring feedstock, operating biorefineries, and marketing and distributing renewable fuels. Its operating segments include Biomass-based Diesel, Services and Corporate and other. The majority of the company's revenue comes from the sale of biomass-based diesel. Geographically, it operates in the United States, Germany and Other Foreign countries of which the United States derived maximum revenue. At its biorefineries, natural fats, oils, and greases are converted into biofuels and renewable chemicals.
Click Here to get the full Stock Score Report on Renewable Energy Group Inc (REGI) Stock.
