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 NE Stock Today?
Noble Corporation PLC (NE) stock is trading at $37.31 as of 10:00 AM on Monday, Dec 5, a loss of -$0.32, or -0.85% from the previous closing price of $37.63. The stock has traded between $37.18 and $38.08 so far today. Volume today is light. So far 145,222 shares have traded compared to average volume of 1,583,384 shares.
More About Noble Corporation PLC
Noble Corp PLC is a leading offshore drilling contractor for the oil and gas industry. The company provides contract drilling services to the international oil and gas industry with a global fleet of mobile offshore drilling units.
Click Here to get the full Stock Report for Noble Corporation PLC stock.
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