Should You Buy NOW Inc (DNOW) Stock on Monday?

Overall market sentiment has been high on NOW Inc (DNOW) stock lately. DNOW receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

NOW Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DNOW!

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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 DNOW Stock Today?

NOW Inc (DNOW) stock is trading at $10.67 as of 2:41 PM on Monday, Oct 3, a gain of $0.62, or 6.17% from the previous closing price of $10.05. The stock has traded between $10.34 and $10.76 so far today. Volume today is low. So far 352,543 shares have traded compared to average volume of 790,461 shares. To see InvestorsObserver's Sentiment Score for NOW Inc click here.

More About NOW Inc

NOW Incorp is an independent distributor of oil and gas equipment and services. The company operates through three geographical segments namely the United States, Canada, and International. Geographically, it generates maximum revenue from International market. product and service offerings include maintenance, repair and operating supplies, pipes, valves, safety supplies, and other parts to support customers. NOW's products attract customers from upstream drilling and completion, exploration and production, and midstream infrastructure development to downstream refining. Click Here to get the full Stock Report for NOW Inc stock.