What is the Market's View on CenterPoint Energy Inc (CNP) Stock's Price and Volume Trends Wednesday?

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

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator 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 CNP Stock Today?

CenterPoint Energy Inc (CNP) stock is trading at $27.91 as of 3:25 PM on Wednesday, Nov 29, a drop of -$0.24, or -0.87% from the previous closing price of $28.15. The stock has traded between $27.91 and $28.28 so far today. Volume today is light. So far 1,619,296 shares have traded compared to average volume of 4,870,102 shares.

More About CenterPoint Energy Inc

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in six states serving approximately 4 million customers. After exiting its midstream investment, CenterPoint is a fully regulated utility. Click Here to get the full Stock Report for CenterPoint Energy Inc stock.