The market has been high on ING Groep NV (ING) stock recently. ING gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
ING Groep NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ING!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 ING Stock Today?
ING Groep NV (ING) stock is trading at $9.11 as of 12:56 PM on Wednesday, Oct 5, a loss of -$0.39, or -4.11% from the previous closing price of $9.49. The stock has traded between $9.00 and $9.15 so far today. Volume today is less active than usual. So far 2,561,554 shares have traded compared to average volume of 5,889,667 shares.
More About ING Groep NV
The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support--a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market- leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.
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