Overall market sentiment has been high on CSI Compressco LP (CCLP) stock lately. CCLP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
CSI Compressco LP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CCLP!
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 CCLP Stock Today?
CSI Compressco LP (CCLP) stock is trading at $1.87 as of 1:51 PM on Friday, Dec 1, an increase of $0.02, or 1.08% from the previous closing price of $1.85. Volume today is high. So far 64,070 shares have traded compared to average volume of 44,058 shares. The stock has traded between $1.83 and $1.96 so far today.
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More About CSI Compressco LP
CSI Compressco LP is a limited partnership operating in the US. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.
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