MAG Silver Corp (MAG) stock is higher by 14.86% over the past week and gets a Bullish rating from InvestorsObserver's 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.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With MAG Stock Today?
MAG Silver Corp (MAG) stock is trading at $13.06 as of 10:02 AM on Monday, May 18, a rise of $0.60, or 4.82% from the previous closing price of $12.46. The stock has traded between $12.88 and $13.88 so far today. Volume today is below average. So far 288,320 shares have traded compared to average volume of 772,718 shares.
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More About MAG Silver Corp
MAG Silver Corp is a Canadian company focused on the acquisition, exploration, and development of mineral properties, primarily silver, within the Americas. Its principal asset (in which it maintains a 44% interest) is the Juanicipio property in Mexico, where it is currently developing the underground infrastructure to support a mining operation. MAG also has 100% of the mineral concessions to the Cinco de Mayo property in Mexico, which consists of four major mineralized zones.
