The market has been high on Kinetik Holdings Inc (KNTK) stock recently. KNTK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Kinetik Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KNTK!
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With KNTK Stock Today?
Kinetik Holdings Inc (KNTK) stock is up 0.58% while the S&P 500 is down -0.52% as of 2:47 PM on Tuesday, Aug 9. KNTK has risen $0.23 from the previous closing price of $39.61 on volume of 88,813 shares. Over the past year the S&P 500 has fallen -7.08% while KNTK has risen 20.47%. KNTK lost -$3.16 per share in the over the last 12 months.
More About Kinetik Holdings Inc
Kinetik Holdings Inc is a permian-to-gulf Coast midstream corporation operating in the Delaware Basin. It provides comprehensive gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water.
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