Verisign, Inc. (VRSN) stock has fallen 7.84% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With VRSN Stock Today?
Verisign, Inc. (VRSN) stock is down -0.91% while the S&P 500 is higher by 1.44% as of 11:30 AM on Thursday, Jan 7. VRSN has fallen -$1.82 from the previous closing price of $199.51 on volume of 258,621 shares. Over the past year the S&P 500 has risen 17.46% while VRSN has fallen -2.72%. VRSN earned $6.93 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.52.
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More About Verisign, Inc.
VeriSign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. Additionally, the company operates two of the world's 13 root servers that are used to route Internet traffic. In 2018, the firm sold off its security services business, signaling a renewed focus on the core registry business. VeriSign generates about 60% of its sales from the United States.
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