The market has been high on MarketAxess Holdings Inc. (MKTX) stock recently. MKTX gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 MKTX Stock Today?
MarketAxess Holdings Inc. (MKTX) stock is down -2.09% while the S&P 500 is up 0.1% as of 11:11 AM on Monday, Nov 23. MKTX is down -$11.42 from the previous closing price of $546.14 on volume of 32,980 shares. Over the past year the S&P 500 has risen 13.64% while MKTX is up 34.63%. MKTX earned $7.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 73.29.
More About MarketAxess Holdings Inc.
MarketAxess Holdings Inc is a United States-based company engaged in operating an electronic trading platform. The platform enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using patented trading technology. It also provides related data, analytics, compliance tools, and post-trade services. The key trading products are U.S. High-Grade Corporate Bonds, Emerging Markets Bonds, U.S. Crossover and High-Yield Bonds, Eurobonds, U.S. Agency Bonds, Municipal Bonds and others. The business operations of the company carried in the United States, the United Kingdom, and other countries, of which a majority of the revenue is derived from the United States.