Is it Time to Dump NEWTEK Business Services Corp (NEWT) Stock After it Is Down 8.30% in a Week?

NEWTEK Business Services Corp (NEWT) stock has fallen 8.30% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

NEWTEK Business Services Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NEWT!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 NEWT Stock Today?

NEWTEK Business Services Corp (NEWT) stock is trading at $27.96 as of 10:34 AM on Tuesday, Nov 9, a drop of -$4.31, or -13.34% from the previous closing price of $32.27. The stock has traded between $27.79 and $31.20 so far today. Volume today is high. So far 359,229 shares have traded compared to average volume of 268,168 shares.

More About NEWTEK Business Services Corp

Newtek Business Services Corp is a provider of business solutions in the United States. As a business solutions company, it assists its client's business with its expertise and technology. Its hoard of services includes financial, payroll, payment, technology and insurance solutions. Under financial services, it offers consumer loans and commercial loans servicing. Its electronic payment processing includes credit and debit card processing, check approval and e-commerce. Under technology, it provides website hosting, dedicated server, cloud hosting services and web design services. Newtek also looks for investment opportunities by investing in debt and equity instruments of early stage enterprises. Click Here to get the full Stock Report for NEWTEK Business Services Corp stock.