Eastman Kodak Company (KODK) stock is up 15.59% over the past week and gets a Bullish 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.
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 KODK Stock Today?
Eastman Kodak Company (KODK) stock is up 5.13% while the S&P 500 is down -0.04% as of 2:21 PM on Tuesday, Jun 1. KODK is up $0.37 from the previous closing price of $7.12 on volume of 1,680,276 shares. Over the past year the S&P 500 is up 37.53% while KODK is up 186.97%. KODK lost -$6.82 per share in the over the last 12 months.
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More About Eastman Kodak Company
Eastman Kodak Co is a United States-based company. The company operates via several business segments: Print Systems, Enterprise Inkjet Systems, Kodak Software, Brand, Film and Imaging, Advanced Materials and 3D Printing Technology and Eastman Business Park. The print systems segment which derives majority revenue offers digital and traditional products and services to various businesses, such as commercial print and book publishing, and this segment contributes over half of total revenue. The company has a global business presence, with overseas markets accounting for a majority of revenue.
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