What is the Market's View on RPC Inc (RES) Stock's Price and Volume Trends Monday?

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

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

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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. 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 RES Stock Today?

RPC Inc (RES) stock is lower by -3% while the S&P 500 has gained 0.02% as of 10:36 AM on Monday, Jun 5. RES is down -$0.22 from the previous closing price of $7.33 on volume of 138,610 shares. Over the past year the S&P 500 has risen 3.92% while RES is down -24.44%. RES earned $1.27 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.58. To screen for more stocks like RPC Inc click here.

More About RPC Inc

RPC Inc is an oilfield services company. It provides specialized oilfield services and equipment primarily to independent and major oil and gas companies engaged in the exploration, production, and development of oil and gas properties throughout the United States. The company's operating segment includes Technical Services and Support Services. It generates maximum revenue from the Technical Services segment. Technical Services segment consists primarily of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing. Support Services segment consists primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training and consulting services. Click Here to get the full Stock Report for RPC Inc stock.