Overall market sentiment has been high on Scorpio Tankers Inc. (STNG) stock lately. STNG receives a Bullish rating 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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With STNG Stock Today?
Scorpio Tankers Inc. (STNG) stock has gained 3.52% while the S&P 500 has fallen -0.18% as of 11:08 AM on Monday, May 10. STNG is up $0.69 from the previous closing price of $19.61 on volume of 867,224 shares. Over the past year the S&P 500 has risen 44.19% while STNG is up 15.01%. STNG earned $1.67 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.14.
To see the top 5 stocks in the Oil & Gas Midstream industry click here.
More About Scorpio Tankers Inc.
Scorpio Tankers Inc is a shipping company. It is engaged in providing the seaborne transportation of refined petroleum products. It serves its end users in the petroleum supply chain by distributing products such as gasoline, heating oil, and fuel oil from refineries.
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