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 OIS Stock Today?
Oil States International Inc (OIS) stock is trading at $8.37 as of 12:58 PM on Friday, Sep 29, a loss of -$0.28, or -3.24% from the previous closing price of $8.65. The stock has traded between $8.30 and $8.72 so far today. Volume today is below average. So far 176,268 shares have traded compared to average volume of 661,589 shares.
To see InvestorsObserver's Sentiment Score for Oil States International Inc click here.
More About Oil States International Inc
Oil States International is a manufacturer and service provider of oilfield products and services used by oil and natural gas companies, drilling companies, and other oilfield-services companies. The company's product portfolio includes capital equipment manufactured for drilling, oil well construction, and production of oil and natural gas. The operating segments of the company are well-site services, offshore/manufactured products, and downhole technologies. The vast majority of the company's revenue is generated by the well-site services and offshore/manufactured products segments, and more than half of the revenue is earned in the United States.
Click Here to get the full Stock Report for Oil States International Inc stock.
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