Is Open Text Corp (OTEX) Stock About to Get Hot Tuesday?

Open Text Corp (OTEX) stock has gained 0.38% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.

Open Text Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on OTEX!

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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 OTEX Stock Today?

Open Text Corp (OTEX) stock is trading at $50.35 as of 2:48 PM on Tuesday, Jun 22, a rise of $0.34, or 0.68% from the previous closing price of $50.01. Volume today is less active than usual. So far 383,875 shares have traded compared to average volume of 513,674 shares. The stock has traded between $49.78 and $50.40 so far today.

To see InvestorsObserver's Sentiment Score for Open Text Corp click here.

More About Open Text Corp

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.

Click Here to get the full Stock Score Report on Open Text Corp (OTEX) Stock.