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Should You Buy Exxon Mobil Corp (XOM) Stock After it Is Lower By 0.48% in a Week?

Wednesday, February 28, 2024 01:20 PM | InvestorsObserver Analysts

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Should You Buy Exxon Mobil Corp (XOM) Stock After it Is Lower By 0.48% in a Week?

Overall market sentiment has been down on Exxon Mobil Corp (XOM) stock lately. XOM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Exxon Mobil Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on XOM!

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 XOM Stock Today?

Exxon Mobil Corp (XOM) stock has gained 0.3% while the S&P 500 has fallen -0.15% as of 1:18 PM on Wednesday, Feb 28. XOM is up $0.32 from the previous closing price of $104.03 on volume of 6,539,341 shares. Over the past year the S&P 500 has gained 27.33% while XOM has fallen -5.61%. XOM earned $8.89 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.74. To see InvestorsObserver's Sentiment Score for Exxon Mobil Corp click here. Click Here to get the full Stock Report for Exxon Mobil Corp stock.

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