Is CVR Energy, Inc. (CVI) a Stock to Watch After Losing -0.99% This Week?

Overall market sentiment has been down on CVR Energy, Inc. (CVI) stock lately. CVI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

CVR Energy, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CVI!

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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 CVI Stock Today?

CVR Energy, Inc. (CVI) stock is trading at $30.98 as of 2:21 PM on Friday, May 20, a drop of -$0.93, or -2.91% from the previous closing price of $31.91. The stock has traded between $30.95 and $32.49 so far today. Volume today is below average. So far 227,704 shares have traded compared to average volume of 730,317 shares. To see InvestorsObserver's Sentiment Score for CVR Energy, Inc. click here.

More About CVR Energy, Inc.

CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives. Click Here to get the full Stock Report for CVR Energy, Inc. stock.