Overall market sentiment has been down on Propetro Holding Corp (PUMP) stock lately. PUMP receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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 PUMP Stock Today?
Propetro Holding Corp (PUMP) stock is trading at $11.03 as of 10:12 AM on Wednesday, Mar 24, a gain of $0.69, or 6.67% from the previous closing price of $10.34. The stock has traded between $10.61 and $11.07 so far today. Volume today is low. So far 48,164 shares have traded compared to average volume of 1,087,273 shares.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About Propetro Holding Corp
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused is on Permian Basin. The operating segment of the company are Hydraulic Fracturing, Cementing, Coiled Tubing, Flowback, and Drilling.
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