Is VEON Ltd (VEON) Stock About to Get Hot Friday?

VEON Ltd (VEON) stock has gained 3.23% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

VEON Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on VEON!

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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 VEON Stock Today?

VEON Ltd (VEON) stock has gained 9.25% while the S&P 500 is lower by -0.6% as of 5:35 PM on Friday, Oct 20. VEON has risen $0.05 from the previous closing price of $0.58 on volume of 37,125 shares. Over the past year the S&P 500 has gained 15.08% while VEON has risen 28.00%. VEON earned $0.23 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.75.

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 six segments: Russia; Pakistan; Bangladesh; Ukraine; Uzbekistan; and HQ. The company provides services under the Beeline, Kyivstar, banglalink, Jazz and Djezzy brands. The maximum revenue derives from Russia. Click Here to get the full Stock Report for VEON Ltd stock.