Is Nuverra Environmental Solutions Inc (NES) Stock About to Get Hot Monday?

Monday, February 07, 2022 11:01 AM | InvestorsObserver Analysts

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Is Nuverra Environmental Solutions Inc (NES) Stock About to Get Hot Monday?

The market has been high on Nuverra Environmental Solutions Inc (NES) stock recently. NES gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Nuverra Environmental Solutions Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NES!

See Full NES Report

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. 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 NES Stock Today?

Nuverra Environmental Solutions Inc (NES) stock is trading at $2.07 as of 10:55 AM on Monday, Feb 7, an increase of $0.20, or 10.43% from the previous closing price of $1.87. The stock has traded between $1.99 and $2.15 so far today. Volume today is less active than usual. So far 28,961 shares have traded compared to average volume of 1,497,331 shares.

More About Nuverra Environmental Solutions Inc

Nuverra Environmental Solutions Inc provides full-cycle environmental solutions to consumers focused on the development and ongoing production of oil and natural gas from shale formations in the United States. It provides environmental solutions and well site logistics management, including delivery, collection, treatment, recycling and disposal of solid and liquid materials that are used in and generated by the drilling, completion and ongoing production of shale oil and natural gas. The firm's segments include Northeast, Southern and Rocky Mountain segments. It derives the majority of its revenues from Rocky Mountain segment. Click Here to get the full Stock Report for Nuverra Environmental Solutions Inc stock.