Nov Inc (NOV) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been high on Nov Inc (NOV) stock lately. NOV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Nov Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NOV!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 NOV Stock Today?

Nov Inc (NOV) stock has risen 1.41% while the S&P 500 is lower by -0.43% as of 1:10 PM on Thursday, Mar 14. NOV has gained $0.26 from the previous closing price of $18.50 on volume of 1,641,975 shares. Over the past year the S&P 500 is higher by 31.22% while NOV is lower by -2.44%. NOV earned $2.50 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.51. To see InvestorsObserver's Sentiment Score for Nov Inc click here.

More About Nov Inc

NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with more than a thousand locations on six continents. Click Here to get the full Stock Report for Nov Inc stock.