The market has been down on PBF Energy Inc (PBF) stock recently. PBF 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 PBF Stock Today?
PBF Energy Inc (PBF) stock is trading at $12.11 as of 11:35 AM on Tuesday, Apr 20, a decline of -$1.35, or -10.03% from the previous closing price of $13.46. The stock has traded between $12.11 and $13.34 so far today. Volume today is less active than usual. So far 1,530,508 shares have traded compared to average volume of 3,446,189 shares.
To see the top 5 stocks in the Oil & Gas Refining & Marketing industry click here.
More About PBF Energy Inc
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil. Depending on the location of the facility, crude can be received by either water or rail. PBF products are sold throughout the Northeast, Midwest, and Gulf Coast of the United States, and in different regions of Canada.
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