Select Energy Services Inc (WTTR) stock is higher by 33.67% over the past week and gets a Bullish rating from InvestorsObserver's 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.
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 WTTR Stock Today?
Select Energy Services Inc (WTTR) stock is trading at $5.32 as of 3:15 PM on Wednesday, Jan 6, a gain of $0.67, or 14.41% from the previous closing price of $4.65. The stock has traded between $4.67 and $5.42 so far today. Volume today is high. So far 851,124 shares have traded compared to average volume of 377,383 shares.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About Select Energy Services Inc
Select Energy Services Inc is a provider of total water solutions to the United States oil and gas industry. Its services are water treatment, fluids handling, disposal solutions, and flowback and well testing among others. The group operates in three segments namely Water Services, Water Infrastructure, and Oilfield Chemicals. It generates a majority of its revenue from the Water services segment.
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