Overall market sentiment has been down on Neogen Corporation (NEOG) stock lately. NEOG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Neogen Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NEOG!
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.
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 NEOG Stock Today?
Neogen Corporation (NEOG) stock is trading at $15.50 as of 9:48 AM on Friday, Oct 13, a gain of $0.52, or 3.51% from the previous closing price of $14.97. The stock has traded between $15.05 and $15.59 so far today. Volume today is light. So far 499,570 shares have traded compared to average volume of 1,877,279 shares.
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More About Neogen Corporation
Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for global food and feed processing companies. In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%.
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