Do Traders Think Enact Holdings Inc (ACT) Can Turn Around Friday?

The market has been neutral on Enact Holdings Inc (ACT) stock recently. ACT gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Enact Holdings Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on ACT!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ACT Stock Today?

Enact Holdings Inc (ACT) stock has risen 0.33% while the S&P 500 is down 0% as of 12:34 PM on Friday, Nov 17. ACT is up $0.09 from the previous closing price of $27.43 on volume of 70,664 shares. Over the past year the S&P 500 has gained 13.88% while ACT is up 7.25%. ACT earned $4.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.86.

More About Enact Holdings Inc

Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance. Click Here to get the full Stock Report for Enact Holdings Inc stock.