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 NFLX Stock Today?
Netflix Inc (NFLX) stock has gained 0.75% while the S&P 500 is down -1.03% as of 2:53 PM on Friday, Jun 18. NFLX is up $3.76 from the previous closing price of $498.34 on volume of 2,543,565 shares. Over the past year the S&P 500 is higher by 34.20% while NFLX is up 12.13%. NFLX earned $8.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 60.7.
To see the top 5 stocks in the Entertainment industry click here.
More About Netflix Inc
Netflix‘s primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.