Is Southern Copper Corp (SCCO) Stock About to Get Hot Thursday?

Southern Copper Corp (SCCO) stock is down 2.19% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Southern Copper Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SCCO!

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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 SCCO Stock Today?

Southern Copper Corp (SCCO) stock is trading at $44.57 as of 12:51 PM on Thursday, Sep 29, a decline of -$0.12, or -0.27% from the previous closing price of $44.69. Volume today is low. So far 853,027 shares have traded compared to average volume of 1,415,861 shares. The stock has traded between $43.30 and $45.20 so far today. To screen for more stocks like Southern Copper Corp click here.

More About Southern Copper Corp

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia. Click Here to get the full Stock Report for Southern Copper Corp stock.