Overall market sentiment has been down on Aspen Technology, Inc. (AZPN) stock lately. AZPN receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
Aspen Technology, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AZPN!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 AZPN Stock Today?
Aspen Technology, Inc. (AZPN) stock is trading at $101.91 as of 3:28 PM on Monday, Jun 22, a gain of $1.38, or 1.37% from the previous closing price of $100.53. The stock has traded between $99.43 and $102.74 so far today. Volume today is less active than usual. So far 189,788 shares have traded compared to average volume of 575,054 shares.
To see InvestorsObserver's Sentiment Score for Aspen Technology, Inc. click here.
More About Aspen Technology, Inc.
Aspen Technology is a leading global supplier of software solutions that optimize asset design, operations, and maintenance in complex industrial environments. The company's AspenOne software platform helps improve process-oriented plant efficiency, and thereby lower capital intensity, increase working capital efficiency, and improve margins. Aspen was founded in 1981 and serves more than 2,300 customers in 32 countries.
