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Is it Time to Dump Tronox Holdings PLC (TROX) Stock After it Has Gained 2.84% in a Week?

Tuesday, January 24, 2023 03:22 PM | InvestorsObserver Analysts

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Is it Time to Dump Tronox Holdings PLC (TROX) Stock After it Has Gained 2.84% in a Week?

The market has been high on Tronox Holdings PLC (TROX) stock recently. TROX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Tronox Holdings PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TROX!

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. 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 TROX Stock Today?

Tronox Holdings PLC (TROX) stock is trading at $16.63 as of 3:16 PM on Tuesday, Jan 24, a gain of $0.02, or 0.15% from the previous closing price of $16.60. Volume today is below average. So far 262,991 shares have traded compared to average volume of 1,048,170 shares. The stock has traded between $16.32 and $16.85 so far today.

More About Tronox Holdings PLC

Tronox Holdings PLC mines, manufactures and sells titanium dioxide (TiO2) mineral sands and soda ash. The firm organizes itself into one reportable segment, TiO2. The TiO2 segment mines mineral sand deposits and products, TiO2 and titanium feedstock, which are used to produce primarily paints and coatings, as well as plastics, paper, and printing ink. Tronox has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. North America, Europe, Middle East, and Africa, and Asia-Pacific regions contribute the vast majority of revenue. Click Here to get the full Stock Report for Tronox Holdings PLC stock.

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