The market has been high on Torm PLC (TRMD) stock recently. TRMD gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
Torm PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TRMD!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TRMD Stock Today?
Torm PLC (TRMD) stock is trading at $7.43 as of 11:31 AM on Monday, Jun 22, a loss of -$2.06, or -21.71% from the previous closing price of $9.49. The stock has traded between $7.30 and $7.80 so far today. Volume today is high. So far 189,847 shares have traded compared to average volume of 46,434 shares.
To see InvestorsObserver's Sentiment Score for Torm PLC click here.
More About Torm PLC
TORM PLC is a United Kingdom based company that owns and operates product tankers. The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products.
