California Resources Corp (CRC) stock is up 8.96% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
California Resources Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CRC!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 CRC Stock Today?
California Resources Corp (CRC) stock is trading at $49.51 as of 3:32 PM on Thursday, Aug 18, a rise of $1.87, or 3.93% from the previous closing price of $47.64. The stock has traded between $47.73 and $49.99 so far today. Volume today is elevated. So far 934,902 shares have traded compared to average volume of 732,691 shares.
To see InvestorsObserver's Sentiment Score for California Resources Corp click here.
More About California Resources Corp
California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects.
Click Here to get the full Stock Report for California Resources Corp stock.