Is Check Point Software Technologies Ltd. (CHKP) a Stock to Watch After Losing -1.24% This Week?

Overall market sentiment has been down on Check Point Software Technologies Ltd. (CHKP) stock lately. CHKP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Check Point Software Technologies Ltd. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CHKP!

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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 CHKP Stock Today?

Check Point Software Technologies Ltd. (CHKP) stock is trading at $113.46 as of 11:54 AM on Wednesday, Oct 6, a drop of -$0.24, or -0.21% from the previous closing price of $113.69. Volume today is light. So far 243,448 shares have traded compared to average volume of 819,024 shares. The stock has traded between $112.75 and $114.44 so far today.

More About Check Point Software Technologies Ltd.

Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. At the end of 2020, 45% of its revenue was from the Americas, 43% from Europe, and 12% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees. Click Here to get the full Stock Report for Check Point Software Technologies Ltd. stock.