Overall market sentiment has been high on Xunlei Ltd (XNET) stock lately. XNET receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 XNET Stock Today?
Xunlei Ltd (XNET) stock has fallen -7.28% while the S&P 500 has gained 0.14% as of 11:28 AM on Tuesday, Dec 29. XNET is down -$0.23 from the previous closing price of $3.16 on volume of 1,336,914 shares. Over the past year the S&P 500 is up 16.12% while XNET is down -43.33%. XNET lost -$0.54 per share in the over the last 12 months.
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More About Xunlei Ltd
Xunlei Ltd is a cloud based acceleration technology company in China. The company operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its products and services, Xunlei Accelerator and cloud acceleration subscription services. It is increasingly extending into mobile devices in part through potentially re-installed acceleration products in mobile phones. Benefiting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value added services to meet a fuller spectrum of its users' digital media content access and consumption needs.
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