Odyssey Marine Exploration Inc (OMEX) stock is higher by 5.17% 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.
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 OMEX Stock Today?
Odyssey Marine Exploration Inc (OMEX) stock is trading at $7.12 as of 3:37 PM on Wednesday, Dec 2, a gain of $0.32, or 4.71% from the previous closing price of $6.80. Volume today is elevated. So far 346,762 shares have traded compared to average volume of 29,357 shares. The stock has traded between $6.35 and $8.15 so far today.
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More About Odyssey Marine Exploration Inc
Odyssey Marine Exploration Inc is engaged in deep-ocean exploration. The company is engaged in discovery, development, and extraction of deep-ocean minerals. It also offers shipwreck cargo recovery and other marine survey and exploration charter services. The company has numerous projects in various stages of development around the world from both own portfolios as well as through third-party contracts. The company's projects include Subsea Mineral Mining Exploration Projects, Shipwreck Exploration Projects and other projects.
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