Overall market sentiment has been high on PNC Financial Services Group Inc (PNC) stock lately. PNC 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.
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 PNC Stock Today?
PNC Financial Services Group Inc (PNC) stock is trading at $156.30 as of 11:33 AM on Friday, Jan 15, a loss of -$4.05, or -2.53% from the previous closing price of $160.35. The stock has traded between $156.18 and $158.74 so far today. Volume today is light. So far 1,028,213 shares have traded compared to average volume of 1,960,802 shares.
To see InvestorsObserver's Sentiment Score for PNC Financial Services Group Inc click here.
More About PNC Financial Services Group Inc
PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking. PNC has 2,300 branches in 21 states and the District of Columbia and is the seventh- largest U.S. bank by assets.
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