Overall market sentiment has been down on Check Point Software Technologies Ltd. (CHKP) stock lately. CHKP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Check Point Software Technologies Ltd. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CHKP!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 CHKP Stock Today?
Check Point Software Technologies Ltd. (CHKP) stock is trading at $110.99 as of 11:50 AM on Tuesday, Nov 23, a loss of -$1.73, or -1.53% from the previous closing price of $112.72. The stock has traded between $110.48 and $112.44 so far today. Volume today is low. So far 625,804 shares have traded compared to average volume of 1,011,284 shares.
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More About Check Point Software Technologies Ltd.
Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. At the end of 2020, 45% of its revenue was from the Americas, 43% from Europe, and 12% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.
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