Is Ingersoll Rand Inc (IR) a Stock to Watch After Gaining 4.22% This Week?

Overall market sentiment has been high on Ingersoll Rand Inc (IR) stock lately. IR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Ingersoll Rand Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IR!

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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 IR Stock Today?

Ingersoll Rand Inc (IR) stock is trading at $68.12 as of 2:50 PM on Friday, Nov 10, an increase of $1.09, or 1.63% from the previous closing price of $67.03. The stock has traded between $66.99 and $68.13 so far today. Volume today is light. So far 1,268,471 shares have traded compared to average volume of 3,051,489 shares. To see InvestorsObserver's Sentiment Score for Ingersoll Rand Inc click here.

More About Ingersoll Rand Inc

Ingersoll-Rand, Inc. was formed through the merger of Gardner Denver and Ingersoll-Rand PLC's industrial segment. The firm's portfolio consists of two business lines: industrial technologies & services and precision & science technologies. Ingersoll-Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll-Rand generated roughly $5.2 billion in revenue in 2021. Click Here to get the full Stock Report for Ingersoll Rand Inc stock.