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What is the Market's View on Harmony Gold Mining Co. (HMY) Stock's Price and Volume Trends Thursday?

Thursday, June 02, 2022 11:52 AM | InvestorsObserver Analysts

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What is the Market's View on Harmony Gold Mining Co. (HMY) Stock's Price and Volume Trends Thursday?

The market has been neutral on Harmony Gold Mining Co. (HMY) stock recently. HMY gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Harmony Gold Mining Co. has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on HMY!

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With HMY Stock Today?

Harmony Gold Mining Co. (HMY) stock is trading at $3.66 as of 11:50 AM on Thursday, Jun 2, a gain of $0.31, or 9.1% from the previous closing price of $3.35. The stock has traded between $3.45 and $3.66 so far today. Volume today is below average. So far 4,182,962 shares have traded compared to average volume of 5,750,600 shares.

More About Harmony Gold Mining Co.

Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations. Click Here to get the full Stock Report for Harmony Gold Mining Co. stock.

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