When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 NR Stock Today?
Newpark Resources Inc (NR) stock is up 7.4% while the S&P 500 has fallen -0.12% as of 1:37 PM on Monday, Apr 3. NR is higher by $0.29 from the previous closing price of $3.85 on volume of 1,128,698 shares. Over the past year the S&P 500 is down -10.43% while NR is higher by 10.11%. NR lost -$0.22 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Newpark Resources Inc click here.
More About Newpark Resources Inc
Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions segment provides temporary worksite access solutions, including the rental of recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction, and other industries and Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects.
Click Here to get the full Stock Report for Newpark Resources Inc stock.
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