What is the Market's View on BP plc (BP) Stock's Price and Volume Trends Thursday?

The market has been high on BP plc (BP) stock recently. BP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

See Full BP Report

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 BP Stock Today?

BP plc (BP) stock is trading at $28.00 as of 10:47 AM on Thursday, Jun 30, a drop of -$0.77, or -2.68% from the previous closing price of $28.77. The stock has traded between $27.99 and $28.53 so far today. Volume today is low. So far 2,551,769 shares have traded compared to average volume of 11,978,363 shares. To see InvestorsObserver's Sentiment Score for BP plc click here.

More About BP plc

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, it produced 1.1 million barrels of liquids and 6.5 billion cubic feet of natural gas per day. At end-2020, reserves stood at 7.9 billion barrels of oil equivalent, 53% of which are liquids. The company operates refineries with a capacity of 1.9 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit. Click Here to get the full Stock Report for BP plc stock.