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Should You Buy Tronox Holdings PLC (TROX) Stock After it Is Up 14.17% in a Week?

Tuesday, January 10, 2023 12:26 PM | InvestorsObserver Analysts

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Should You Buy Tronox Holdings PLC (TROX) Stock After it Is Up 14.17% in a Week?

Tronox Holdings PLC (TROX) stock is up 14.17% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 TROX Stock Today?

Tronox Holdings PLC (TROX) stock is trading at $15.79 as of 12:12 PM on Tuesday, Jan 10, a gain of $0.03, or 0.19% from the previous closing price of $15.76. Volume today is light. So far 389,396 shares have traded compared to average volume of 1,038,282 shares. The stock has traded between $15.32 and $15.81 so far today.

More About Tronox Holdings PLC

Tronox Holdings PLC mines, manufactures and sells titanium dioxide (TiO2) mineral sands and soda ash. The firm organizes itself into one reportable segment, TiO2. The TiO2 segment mines mineral sand deposits and products, TiO2 and titanium feedstock, which are used to produce primarily paints and coatings, as well as plastics, paper, and printing ink. Tronox has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. North America, Europe, Middle East, and Africa, and Asia-Pacific regions contribute the vast majority of revenue. Click Here to get the full Stock Report for Tronox Holdings PLC stock.

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