Should You Buy Newmont Corporation (NEM) Stock After it Has Fallen 0.99% in a Week?

The market has been down on Newmont Corporation (NEM) stock recently. NEM gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Newmont Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NEM!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NEM Stock Today?

Newmont Corporation (NEM) stock is trading at $53.10 as of 12:38 PM on Monday, Jan 30, a loss of -$0.22, or -0.41% from the previous closing price of $53.32. The stock has traded between $52.99 and $53.60 so far today. Volume today is light. So far 1,672,581 shares have traded compared to average volume of 6,405,314 shares. To screen for more stocks like Newmont Corporation click here.

More About Newmont Corporation

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada. Click Here to get the full Stock Report for Newmont Corporation stock.