What is the Market's View on HollyFrontier Corp (HFC) Stock's Price and Volume Trends Monday?

Monday, October 11, 2021 10:50 AM | InvestorsObserver Analysts

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What is the Market's View on HollyFrontier Corp (HFC) Stock's Price and Volume Trends Monday?

Overall market sentiment has been high on HollyFrontier Corp (HFC) stock lately. HFC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

See Full HFC Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 HFC Stock Today?

HollyFrontier Corp (HFC) stock is trading at $35.25 as of 10:41 AM on Monday, Oct 11, an increase of $0.57, or 1.64% from the previous closing price of $34.68. The stock has traded between $34.88 and $35.35 so far today. Volume today is below average. So far 191,826 shares have traded compared to average volume of 1,627,876 shares. To see InvestorsObserver's Sentiment Score for HollyFrontier Corp click here.

More About HollyFrontier Corp

HollyFrontier is an independent petroleum refiner that owns and operates four refineries serving the Rockies, midcontinent, and Southwest, with a total crude oil throughput capacity of 405,000 barrels per day. It is converting its Cheyenne petroleum refinery to renewable diesel. It also has a 57% ownership stake in Holly Energy Partners, which owns and operates petroleum product pipelines and terminals principally in the Southwestern United States. Click Here to get the full Stock Report for HollyFrontier Corp stock.