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Is Exxon Mobil Corp (XOM) a Stock to Watch After Losing -1.44% This Week?

Monday, December 04, 2023 02:13 PM | InvestorsObserver Analysts

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Is Exxon Mobil Corp (XOM) a Stock to Watch After Losing -1.44% This Week?

Overall market sentiment has been neutral on Exxon Mobil Corp (XOM) stock lately. XOM receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Exxon Mobil Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on XOM!

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. 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 XOM Stock Today?

Exxon Mobil Corp (XOM) stock is trading at $102.46 as of 2:13 PM on Monday, Dec 4, a drop of -$0.52, or -0.5% from the previous closing price of $102.98. Volume today is less active than usual. So far 11,016,675 shares have traded compared to average volume of 20,402,828 shares. The stock has traded between $101.59 and $103.36 so far today. To screen for more stocks like Exxon Mobil Corp click here. Click Here to get the full Stock Report for Exxon Mobil Corp stock.

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