The market has been high on RPC, Inc. (RES) stock recently. RES gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 RES Stock Today?
RPC, Inc. (RES) stock has gained 8.64% while the S&P 500 has fallen -2.37% as of 3:32 PM on Thursday, Feb 25. RES has risen $0.51 from the previous closing price of $5.90 on volume of 1,852,697 shares. Over the past year the S&P 500 is higher by 22.51% while RES has risen 77.07%. RES lost -$1.00 per share in the over the last 12 months.
More About RPC, Inc.
RPC provides pressure pumping, coiled tubing, downhole tools, snubbing, nitrogen, rentals, and other oilfield products and services chiefly to U.S. onshore customers. The company's flagship subsidiary, Cudd Energy Services, has a strong reputation throughout the industry and was originally founded in 1977.