The market has been down on Nextier Oilfield Solutions Inc (NEX) stock recently. NEX gets a Bearish score from InvestorsObserver's Stock 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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With NEX Stock Today?
Nextier Oilfield Solutions Inc (NEX) stock is trading at $2.01 as of 10:08 AM on Monday, Sep 28, a rise of $0.30, or 17.54% from the previous closing price of $1.71. The stock has traded between $1.91 and $2.04 so far today. Volume today is less active than usual. So far 495,818 shares have traded compared to average volume of 1,276,040 shares.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About Nextier Oilfield Solutions Inc
NexTier Oilfield Solutions Inc is a U.S. land oilfield focused service company. The company has a diverse set of well completion and production services across a variety of active and demanding basins. NexTier operates through two segments viz Completion Services which provides hydraulic fracturing; wireline and pump-down services; and completion support services. While the Well Construction and Intervention Services provides cementing and coiled tubing services.
Click Here to get the full Stock Score Report on Nextier Oilfield Solutions Inc (NEX) Stock.
