Overall market sentiment has been down on Propetro Holding Corp (PUMP) stock lately. PUMP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Propetro Holding Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PUMP!
What is Stock Sentiment?
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.
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 PUMP Stock Today?
Propetro Holding Corp (PUMP) stock is trading at $7.13 as of 10:15 AM on Tuesday, Sep 21, a decline of -$0.23, or -3.19% from the previous closing price of $7.37. The stock has traded between $7.12 and $7.56 so far today. Volume today is low. So far 58,469 shares have traded compared to average volume of 736,885 shares.
To see InvestorsObserver's Sentiment Score for Propetro Holding Corp click here.
More About Propetro Holding Corp
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused is on Permian Basin. The operating segment of the company are Hydraulic Fracturing, Cementing and Coiled Tubing.
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