Overall market sentiment has been down on CME Group Inc (CME) stock lately. CME receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
CME Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CME!
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CME Stock Today?
CME Group Inc (CME) stock is trading at $225.23 as of 11:43 AM on Wednesday, Jan 12, an increase of $1.79, or 0.8% from the previous closing price of $223.44. The stock has traded between $223.00 and $225.56 so far today. Volume today is less active than usual. So far 616,236 shares have traded compared to average volume of 1,148,274 shares.
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More About CME Group Inc
Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival, CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P/Dow Jones Indices LLC, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX in 2018 it has also expanded into cash foreign exchange, fixed income trading, and collateral optimization.
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