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 IDA Stock Today?
IDACORP Inc (IDA) stock is trading at $92.62 as of 2:22 PM on Thursday, Mar 28, a rise of $0.18, or 0.19% from the previous closing price of $92.44. Volume today is light. So far 93,772 shares have traded compared to average volume of 446,730 shares. The stock has traded between $92.12 and $93.20 so far today.
More About IDACORP Inc
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Most of its total energy production. Idacorp primarily generates revenue from the sale of electricity to retail and wholesale customers. Most of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent significant revenue streams.
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