First Horizon Corp (FHN) stock has gained 1.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
First Horizon Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FHN!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 FHN Stock Today?
First Horizon Corp (FHN) stock is up 0.26% while the S&P 500 is lower by -0.15% as of 3:46 PM on Thursday, Aug 4. FHN is up $0.06 from the previous closing price of $22.83 on volume of 1,276,851 shares. Over the past year the S&P 500 is down -6.20% while FHN is up 46.26%. FHN earned $1.68 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.62.
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More About First Horizon Corp
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
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