Is Zendesk Inc (ZEN) a Stock to Watch After Gaining 0.48% This Week?

Thursday, November 10, 2022 03:01 PM | InvestorsObserver Analysts

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Is Zendesk Inc (ZEN) a Stock to Watch After Gaining 0.48% This Week?

Overall market sentiment has been high on Zendesk Inc (ZEN) stock lately. ZEN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

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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. 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 ZEN Stock Today?

Zendesk Inc (ZEN) stock is trading at $76.68 as of 2:53 PM on Thursday, Nov 10, a gain of $0.29, or 0.37% from the previous closing price of $76.40. Volume today is light. So far 951,811 shares have traded compared to average volume of 1,947,936 shares. The stock has traded between $76.35 and $76.75 so far today. To screen for more stocks like Zendesk Inc click here.

More About Zendesk Inc

Founded in 2007, Zendesk provides a portfolio of customer engagement software solutions via single applications or the Sunshine suite. Its software unifies customer communication and data across various channels and business units, and simplifies customer service and engagement across self service, phone, chat, messaging, and email. Click Here to get the full Stock Report for Zendesk Inc stock.