Overall market sentiment has been high on Newpark Resources Inc (NR) stock lately. NR receives a Bullish rating from InvestorsObserver Stock 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!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With NR Stock Today?
Newpark Resources Inc (NR) stock is trading at $6.95 as of 10:54 AM on Wednesday, Mar 13, a drop of -$0.01, or -0.14% from the previous closing price of $6.96. Volume today is less active than usual. So far 111,456 shares have traded compared to average volume of 668,895 shares. The stock has traded between $6.94 and $7.11 so far today.
To see InvestorsObserver's Sentiment Score for Newpark Resources Inc click here.
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.
Click Here to get the full Stock Report for Newpark Resources Inc stock.
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