ChampionX Corp (CHX) stock is higher by 16.32% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 CHX Stock Today?
ChampionX Corp (CHX) stock is trading at $11.33 as of 10:54 AM on Monday, Aug 10, an increase of $0.73, or 6.89% from the previous closing price of $10.60. The stock has traded between $10.70 and $11.46 so far today. Volume today is below average. So far 746,763 shares have traded compared to average volume of 3,158,754 shares.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About ChampionX Corp
ChampionX Corp helps companies drill for and produce oil and gas safely and efficiently. Its chemical technologies offer chemistry solutions to maximize production from flowing oil and gas wells & chemistry solutions used in drilling and completion activities. Its production & automation technologies offer artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps and drive systems and plunger lifts, as well as a full automation and digital offering consisting of equipment and software for Industrial Internet of Things (IIoT) solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management. Its drilling technologies offers market polycrystalline diamond cutters and bearings.
