GasLog Ltd (GLOG) stock is lower by 1.69% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 GLOG Stock Today?
GasLog Ltd (GLOG) stock is trading at $2.91 as of 2:57 PM on Monday, Jun 29, a gain of $0.29, or 11.07% from the previous closing price of $2.62. The stock has traded between $2.69 and $3.09 so far today. Volume today is below average. So far 876,838 shares have traded compared to average volume of 1,417,645 shares.
To see the top 5 stocks in the Oil & Gas Midstream industry click here.
More About GasLog Ltd
GasLog Ltd is primarily engaged in the ownership, operation, and management of vessels in the LNG (Liquefied natural gas) market, providing maritime services for the transportation of LNG on a worldwide basis and LNG vessel management services. The group conducts its operations through its vessel-owning subsidiaries and through its vessel management services subsidiary. The company operates around 24 LNG carriers.
