What is the Market's View on Rio Tinto plc ADR Common Stock (RIO) Stock's Price and Volume Trends Wednesday?

Rio Tinto plc ADR Common Stock (RIO) stock is up 4.22% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Rio Tinto plc ADR Common Stock has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RIO!

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What is Stock Sentiment?

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. 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 RIO Stock Today?

Rio Tinto plc ADR Common Stock (RIO) stock has gained 4.42% while the S&P 500 has fallen -0.11% as of 1:47 PM on Wednesday, Jul 28. RIO has risen $3.66 from the previous closing price of $82.78 on volume of 1,830,908 shares. Over the past year the S&P 500 is up 35.73% while RIO has risen 38.15%. RIO earned $6.00 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.41. To screen for more stocks like Rio Tinto plc ADR Common Stock click here.

More About Rio Tinto plc ADR Common Stock

Rio Tinto searches for and extracts a variety of minerals worldwide, with the heaviest concentrations in North America and Australia. Iron ore is the dominant commodity, with significantly lesser contributions from aluminium, copper, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity. Shareholders in each company have equivalent economic and voting rights. Click Here to get the full Stock Report for Rio Tinto plc ADR Common Stock stock.