Verisign, Inc. (VRSN) stock is up 1.32% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With VRSN Stock Today?
Verisign, Inc. (VRSN) stock is down -0.69% while the S&P 500 is higher by 1.15% as of 2:05 PM on Friday, Apr 23. VRSN is down -$1.46 from the previous closing price of $212.37 on volume of 332,619 shares. Over the past year the S&P 500 is up 49.42% while VRSN is down -2.20%. VRSN earned $5.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.23.
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More About Verisign, Inc.
VeriSign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. Additionally, the company operates two of the world's 13 root servers that are used to route Internet traffic. In 2018, the firm sold off its security services business, signaling a renewed focus on the core registry business. VeriSign generates about 60% of its sales from the United States.
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