Newpark Resources Inc (NR) Stock: What Does the Chart Say Monday?

Newpark Resources Inc (NR) stock has fallen 21.75% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Newpark Resources Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NR!

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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 NR Stock Today?

Newpark Resources Inc (NR) stock is trading at $3.31 as of 11:39 AM on Monday, Apr 25, a decline of -$0.29, or -8.07% from the previous closing price of $3.60. The stock has traded between $3.31 and $3.49 so far today. Volume today is 753,255 compared to average volume of 644,213.

More About Newpark Resources Inc

Newpark Resources Inc is a global equipment supplier and leasing company to the oil and gas industry. Its operations are divided into two segments: Fluid Systems and Industrial Solutions. The Fluids Systems segment provides drilling fluids products and technical services to drilling sites predominantly located in North America and Europe, the Middle East, and Africa (EMEA). The Industrial Solutions segment, previously reported as Mats & Integrated Services, offers composite mat rentals, site construction services, and a newly added industrial disinfectant and cleaning solutions. Click Here to get the full Stock Report for Newpark Resources Inc stock.