Where Will Confluent Inc (CFLT) Stock Go Next After It Has Gained 1.00% in a Week?

Overall market sentiment has been neutral on Confluent Inc (CFLT) stock lately. CFLT receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

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

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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 CFLT Stock Today?

Confluent Inc (CFLT) stock has fallen -6.55% while the S&P 500 is up 0.12% as of 1:30 PM on Monday, May 16. CFLT has fallen -$1.41 from the previous closing price of $21.54 on volume of 1,983,785 shares. Over the past year the S&P 500 is down -5.57% while CFLT has fallen -55.29%. CFLT lost -$1.59 per share in the over the last 12 months.

More About Confluent Inc

Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company generates revenue from the sale of subscriptions and services. Click Here to get the full Stock Report for Confluent Inc stock.