Imperial Oil Ltd (IMO) stock is up 10.67% over the past week and has received a bullish rating from InvestorsObserver’s Sentiment Indicator.
Imperial Oil Ltd has a bullish sentiment reading. Find out what this means to you and get the rest of the leaderboard on IMO!
What is stock sentiment?
When it comes to investment decisions, sentiment gives a good idea of what stock investors currently prefer. Sentiment includes short-term technical analysis in its assessment and does not include fundamental analysis such as the company’s profitability. This means that earnings updates and other news can have a huge impact on the overall mood.
Sentiment is how investors or the market think about a stock. There are many ways to measure mood. At its core, the mood is pretty easy to understand. When a stock is rising, investors need to be bullish, while when it is falling, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator examines the price development over the past week and also takes into account changes in volume. Increasing the volume can mean that a trend is getting stronger, while decreasing the volume can mean that a trend is nearing a conclusion.
For stocks with options, our system also takes into account the balance between calls, which are often bets that the price will go up, and puts, which are often bets that the price will go down.
What is happening to IMO Stock today?
Imperial Oil Ltd (IMO) stock is up 2.1% while the S&P 500 is down -0.59% at 10:54 a.m. on Friday April 30th. IMO is up $ 0.58 from its previous closing price of $ 27.64 on a volume of 604,819 shares. Over the past year, the S&P 500 is up 42.42% while the IMO is up 72.92%. IMO lost – $ 2.06 per share over the past 12 months.
Click here to view InvestorsObserver’s Sentiment Score for Imperial Oil Ltd
More about Imperial Oil Ltd.
Imperial Oil is one of Canada’s largest integrated oil companies and focuses on upstream operations, petroleum refining and the marketing of petroleum products. In 2020, an average of 398,000 barrels of oil equivalent was produced per day. The company estimates it holds 5.2 billion Boe in proven and probable reserves of crude oil and natural gas. Imperial remains the largest petroleum product refiner in Canada, operating three refineries with a combined processing capacity of 421 mboe / d.
For the full stock score report for the shares of Imperial Oil Ltd (IMO), click here.