Overall market sentiment has been high on Exxon Mobil Corporation (XOM) stock lately. XOM receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 XOM Stock Today?
Exxon Mobil Corporation (XOM) stock is up 1.25% while the S&P 500 is down -0.95% as of 2:48 PM on Wednesday, Dec 9. XOM is higher by $0.53 from the previous closing price of $42.24 on volume of 28,100,754 shares. Over the past year the S&P 500 has gained 16.94% while XOM is down -38.60%. XOM earned $0.78 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 54.92.
To see InvestorsObserver's Sentiment Score for Exxon Mobil Corporation click here.
More About Exxon Mobil Corporation
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.4 million barrels of liquids and 9.4 billion cubic feet of natural gas per day. At the end of 2019, reserves were 22.4 billion barrels of oil equivalent (including 3.8 billion for equity companies), 65% of which are liquids. The company is the world's largest refiner with a total global refining capacity of 4.7 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals. It operates its business divisions in North and South America, Europe, the Middle East, North and sub-Saharan Africa, and Asia-Pacific.
Click Here to get the full Stock Score Report on Exxon Mobil Corporation (XOM) Stock.
