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Where Will Exxon Mobil Corporation (XOM) Stock Go Next After It Has Fallen 2.53% in a Week?

Tuesday, July 28, 2020 03:30 PM | InvestorsObserver Analysts

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Where Will Exxon Mobil Corporation (XOM) Stock Go Next After It Has Fallen 2.53% in a Week?

Overall market sentiment has been neutral on Exxon Mobil Corporation (XOM) stock lately. XOM receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,neutral
Exxon Mobil Corporation has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on XOM!

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.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With XOM Stock Today?

Exxon Mobil Corporation (XOM) stock has fallen -1.25% while the S&P 500 is unmoved 0% as of 3:26 PM on Tuesday, Jul 28. XOM is down -$0.55 from the previous closing price of $44.07 on volume of 14,022,155 shares. Over the past year the S&P 500 is up 7.23% while XOM is down -42.24%. XOM earned $2.66 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.33.

To see InvestorsObserver's Sentiment Score for Exxon Mobil Corporation click here.

More About Exxon Mobil Corporation

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.4 million barrels of liquids and 9.4 billion cubic feet of natural gas per day. At the end of 2019, reserves were 22.4 billion barrels of oil equivalent (including 3.8 billion for equity companies), 65% of which are liquids. The company is the world's largest refiner with a total global refining capacity of 4.7 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals. It operates its business divisions in North and South America, Europe, the Middle East, North and sub-Saharan Africa, and the Asia-Pacific.

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