Overall market sentiment has been high on VEON Ltd (VEON) stock lately. VEON receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 VEON Stock Today?
VEON Ltd (VEON) stock is up 3.64% while the S&P 500 has fallen -0.02% as of 10:59 AM on Tuesday, Jun 2. VEON has gained $0.06 from the previous closing price of $1.51 on volume of 3,200,004 shares. Over the past year the S&P 500 has gained 11.31% while VEON has fallen -33.19%. VEON earned $0.13 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.72.
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More About VEON Ltd
VEON Ltd is a global provider of connectivity and internet services. The company provides more than 210 million customers with voice, fixed broadband, data and digital services. Currently, the company offers services to customers in 10 countries: Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, Armenia and Georgia. The reportable segments currently consist of the following seven segments: Russia; Pakistan; Algeria; Bangladesh; Ukraine; Uzbekistan; and HQ. The company provides services under the Beeline, Kyivstar, banglalink, Jazz and Djezzy brands. The maximum revenue derives from Russia.
