Newmont Corporation (NEM) stock has gained 0.43% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.
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 NEM Stock Today?
Newmont Corporation (NEM) stock is trading at $48.49 as of 10:42 AM on Thursday, Apr 2, a rise of $2.02, or 4.35% from the previous closing price of $46.47. The stock has traded between $46.56 and $48.85 so far today. Volume today is below average. So far 1,334,615 shares have traded compared to average volume of 12,435,377 shares.
