Newpark Resources Inc (NR) stock has risen 13.90% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Newpark Resources Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NR!
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With NR Stock Today?
Newpark Resources Inc (NR) stock has gained 4.8% while the S&P 500 has fallen -0.18% as of 2:34 PM on Wednesday, Oct 5. NR has risen $0.13 from the previous closing price of $2.81 on volume of 129,575 shares. Over the past year the S&P 500 is down -12.01% while NR has fallen -16.19%. NR lost -$0.21 per share in the over the last 12 months.
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More About Newpark Resources Inc
Newpark Resources Inc is a global equipment supplier and leasing company to the oil and gas industry. Its operations are divided into two segments: Fluid Systems and Industrial Solutions. The Fluids Systems segment provides drilling fluids products and technical services to drilling sites predominantly located in North America and Europe, the Middle East, and Africa (EMEA). The Industrial Solutions segment, previously reported as Mats & Integrated Services, offers composite mat rentals, site construction services, and a newly added industrial disinfectant and cleaning solutions.
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