Overall market sentiment has been neutral on Newpark Resources Inc (NR) stock lately. NR receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Newpark Resources Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on NR!
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.
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 NR Stock Today?
Newpark Resources Inc (NR) stock is trading at $2.87 as of 10:21 AM on Monday, Dec 6, an increase of $0.01, or 0.35% from the previous closing price of $2.86. The stock has traded between $2.85 and $2.93 so far today. Volume today is less active than usual. So far 46,303 shares have traded compared to average volume of 761,269 shares.
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More About Newpark Resources Inc
Newpark Resources Inc is a global equipment supplier and leasing company to the oil and gas industry. Its operations are divided into two segments: Fluid Systems and Industrial Solutions. The Fluids Systems segment provides drilling fluids products and technical services to drilling sites predominantly located in North America and Europe, the Middle East, and Africa (EMEA). The Industrial Solutions segment, previously reported as Mats & Integrated Services, offers composite mat rentals, site construction services, and a newly added industrial disinfectant and cleaning solutions.
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