Overall market sentiment has been high on Falcon Minerals Corp (FLMN) stock lately. FLMN receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 FLMN Stock Today?
Falcon Minerals Corp (FLMN) stock is trading at $5.06 as of 2:25 PM on Thursday, May 6, a rise of $0.36, or 7.78% from the previous closing price of $4.69. The stock has traded between $4.71 and $5.10 so far today. Volume today is high. So far 335,052 shares have traded compared to average volume of 210,933 shares.
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More About Falcon Minerals Corp
Falcon Minerals Corp is the United States based oil-weighted minerals company. The company owns and acquires high growth core-of-the-core oil and gas minerals. It also owns mineral, royalty, and overriding royalty interests covering more than 250,000 gross unit acres in the Eagle Ford and Austin Chalk in Karnes County, DeWitt County, and Gonzales County Texas. It derives revenue from royalty interests, mineral interests, non-participating royalty interests and overriding royalty interests in oil and natural gas properties in North America.
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