Is Xunlei Ltd (XNET) Stock About to Get Hot Wednesday?

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

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

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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. 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 XNET Stock Today?

Xunlei Ltd (XNET) stock is trading at $1.71 as of 3:50 PM on Wednesday, May 17, an increase of $0.05, or 3.02% from the previous closing price of $1.66. The stock has traded between $1.64 and $1.74 so far today. Volume today is 57,511 compared to average volume of 52,792. To screen for more stocks like Xunlei Ltd click here.

More About Xunlei Ltd

Xunlei Ltd is a cloud based acceleration technology company in China. The company operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its products and services, Xunlei Accelerator and cloud acceleration subscription services. It is increasingly extending into mobile devices in part through potentially re-installed acceleration products in mobile phones. Benefiting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value added services to meet a fuller spectrum of its users' digital media content access and consumption needs. Click Here to get the full Stock Report for Xunlei Ltd stock.