Tenaris SA (TS) stock is lower by 5.24% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Tenaris SA has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TS!
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.
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 TS Stock Today?
Tenaris SA (TS) stock is lower by -1.27% while the S&P 500 has risen 1.64% as of 1:03 PM on Monday, Nov 29. TS is down -$0.26 from the previous closing price of $20.50 on volume of 1,558,535 shares. Over the past year the S&P 500 is up 28.93% while TS has risen 33.33%. TS earned $1.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.27.
More About Tenaris SA
Tenaris is one of the largest global producers of oil country tubular goods, which are used primarily in the construction of oil and gas wells. The company's production facilities are located primarily in the U.S., Argentina, Mexico, and Italy. Tenaris' premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore as well as horizontal shale wells.
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