Iamgold Corp (IAG) Stock: What Does the Chart Say Friday?

The market has been high on Iamgold Corp (IAG) stock recently. IAG gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Iamgold Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IAG!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With IAG Stock Today?

Iamgold Corp (IAG) stock is trading at $2.21 as of 11:08 AM on Friday, May 20, a drop of -$0.07, or -3.07% from the previous closing price of $2.28. The stock has traded between $2.18 and $2.29 so far today. Volume today is below average. So far 2,778,515 shares have traded compared to average volume of 10,790,793 shares.

More About Iamgold Corp

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa. Click Here to get the full Stock Report for Iamgold Corp stock.