First Majestic Silver Corp. (AG) stock has risen 8.00% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 AG Stock Today?
First Majestic Silver Corp. (AG) stock is trading at $9.86 as of 10:11 AM on Thursday, Jul 2, an increase of $0.07, or 0.72% from the previous closing price of $9.79. The stock has traded between $9.57 and $9.90 so far today. Volume today is light. So far 643,169 shares have traded compared to average volume of 5,436,129 shares.
To see the top 5 stocks in the Silver industry click here.
More About First Majestic Silver Corp.
First Majestic Silver Corp is a mining company focused on silver production. Its primary product is silver and other metals produced as part of the extraction process, such as gold, lead, and zinc, are considered as by-products. The company owns a few producing mines including the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, the San Martin Silver Mine, the Del Toro Silver Mine and the La Parrilla Silver Mine.
