Is ING Groep NV (ING) a Stock to Watch After Gaining 1.15% This Week?

ING Groep NV (ING) stock has risen 1.15% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

ING Groep NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ING!

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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 ING Stock Today?

ING Groep NV (ING) stock is lower by -0.67% while the S&P 500 has risen 0.17% as of 10:20 AM on Monday, Aug 1. ING is down -$0.07 from the previous closing price of $9.72 on volume of 490,919 shares. Over the past year the S&P 500 is down -5.69% while ING is down -24.25%. ING earned $1.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.72.

More About ING Groep NV

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support--a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market- leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending. Click Here to get the full Stock Report for ING Groep NV stock.