Nutanix Inc (NTNX) Stock: What Does the Chart Say Friday?

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

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

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NTNX Stock Today?

Nutanix Inc (NTNX) stock is trading at $36.63 as of 12:01 PM on Friday, Aug 27, a gain of $1.04, or 2.92% from the previous closing price of $35.59. The stock has traded between $35.63 and $36.78 so far today. Volume today is below average. So far 656,528 shares have traded compared to average volume of 1,388,634 shares.

More About Nutanix Inc

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization and storage into a resilient, and software-defined solution. It generates most of its revenues through license fees and supports services. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions. Click Here to get the full Stock Report for Nutanix Inc stock.