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Should You Buy Koppers Holdings Inc. (KOP) Stock on Friday?

Friday, May 07, 2021 10:03 AM | InvestorsObserver Analysts

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Should You Buy Koppers Holdings Inc. (KOP) Stock on Friday?

Koppers Holdings Inc. (KOP) stock is up 14.08% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Koppers Holdings Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KOP!

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.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With KOP Stock Today?

Koppers Holdings Inc. (KOP) stock is trading at $37.92 as of 9:55 AM on Friday, May 7, a gain of $2.18, or 6.1% from the previous closing price of $35.74. The stock has traded between $37.28 and $39.25 so far today. Volume today is below average. So far 12,229 shares have traded compared to average volume of 122,797 shares.

To screen for more stocks like Koppers Holdings Inc. click here.

More About Koppers Holdings Inc.

Koppers Holdings, through its subsidiaries, manufactures and sells wood products, wood treatment chemicals, and carbon compounds used in markets such as railroad, aluminum and steel, agriculture, utilities, and residential lumber. The company is organized into three business segments: railroad and utility products and services, performance chemicals, and carbon materials and chemicals. The company's product portfolio includes treated and untreated wood products like crossties used in railroads, wood preservation chemicals, and carbon compounds such as creosote used in treatment of wood crossties, among others. Most revenue comes from the company's railroad and utility products and services segment, and more than half of the company's revenue is earned in the United States.

Click Here to get the full Stock Score Report on Koppers Holdings Inc. (KOP) Stock.

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