Is XP Inc (XP) a Stock to Watch After Gaining 5.73% This Week?

The market has been high on XP Inc (XP) stock recently. XP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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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 XP Stock Today?

XP Inc (XP) stock is trading at $26.20 as of 1:55 PM on Wednesday, Mar 13, a rise of $0.38, or 1.45% from the previous closing price of $25.82. Volume today is more active than usual. So far 8,905,456 shares have traded compared to average volume of 5,548,790 shares. The stock has traded between $25.58 and $26.31 so far today.

More About XP Inc

XP Inc is a Cayman Island-based technology-driven financial services platform. It is a provider of low-fee financial products and services in Brazil. The company evaluates its business through a single segment such as monitoring operations, making decisions on fund allocation, and evaluating the performance. It generates revenue through the Brokerage commission. Click Here to get the full Stock Report for XP Inc stock.