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Is IDEX Corporation (IEX) Stock About to Get Hot Friday?

Friday, September 22, 2023 03:24 PM | InvestorsObserver Analysts

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Is IDEX Corporation (IEX) Stock About to Get Hot Friday?

The market has been down on IDEX Corporation (IEX) stock recently. IEX gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
IDEX Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on IEX!

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 IEX Stock Today?

IDEX Corporation (IEX) stock is trading at $207.84 as of 3:15 PM on Friday, Sep 22, a rise of $1.09, or 0.53% from the previous closing price of $206.75. The stock has traded between $205.29 and $207.85 so far today. Volume today is light. So far 202,319 shares have traded compared to average volume of 485,271 shares. To screen for more stocks like IDEX Corporation click here.

More About IDEX Corporation

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $2.8 billion in revenue and $661 million in adjusted operating income in 2021. Click Here to get the full Stock Report for IDEX Corporation stock.

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