What is the Market's View on NOW Inc (DNOW) Stock's Price and Volume Trends Wednesday?

NOW Inc (DNOW) stock is higher by 1.46% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

NOW Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on DNOW!

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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 DNOW Stock Today?

NOW Inc (DNOW) stock is trading at $11.09 as of 12:49 PM on Wednesday, Nov 1, a rise of $0.08, or 0.73% from the previous closing price of $11.01. The stock has traded between $10.92 and $11.22 so far today. Volume today is below average. So far 93,515 shares have traded compared to average volume of 535,398 shares. To see InvestorsObserver's Sentiment Score for NOW Inc click here.

More About NOW Inc

NOW Incorp is an independent distributor of oil and gas equipment and services. The company operates through three geographical segments namely the United States, Canada, and International. Geographically, it generates maximum revenue from International market. product and service offerings include maintenance, repair and operating supplies, pipes, valves, safety supplies, and other parts to support customers. NOW's products attract customers from upstream drilling and completion, exploration and production, and midstream infrastructure development to downstream refining. Click Here to get the full Stock Report for NOW Inc stock.