What is the Market's View on NetApp Inc. (NTAP) Stock's Price and Volume Trends Thursday?

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

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

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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 NTAP Stock Today?

NetApp Inc. (NTAP) stock has risen 0.96% while the S&P 500 is lower by -0.13% as of 3:24 PM on Thursday, Nov 30. NTAP has gained $0.86 from the previous closing price of $89.54 on volume of 3,090,751 shares. Over the past year the S&P 500 has risen 14.83% while NTAP has gained 25.92%. NTAP earned $3.22 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.08. To screen for more stocks like NetApp Inc. click here.

More About NetApp Inc.

NetApp is a leading provider of enterprise data management and storage solutions. The company's three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees. Click Here to get the full Stock Report for NetApp Inc. stock.