Should You Buy Frontline Plc (FRO) Stock on Thursday?

Overall market sentiment has been down on Frontline Plc (FRO) stock lately. FRO receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Frontline Plc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FRO!

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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. 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 FRO Stock Today?

Frontline Plc (FRO) stock is trading at $15.69 as of 10:28 AM on Thursday, Mar 16, a drop of -$0.46, or -2.85% from the previous closing price of $16.15. The stock has traded between $15.63 and $16.07 so far today. Volume today is below average. So far 558,638 shares have traded compared to average volume of 3,389,956 shares.

More About Frontline Plc

Frontline Plc is a shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels. Click Here to get the full Stock Report for Frontline Plc stock.