Do Traders Think Metropolitan Bank Holding Corp (MCB) Can Keep Climbing Friday?

The market has been high on Metropolitan Bank Holding Corp (MCB) stock recently. MCB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Metropolitan Bank Holding Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MCB!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 MCB Stock Today?

Metropolitan Bank Holding Corp (MCB) stock is trading at $37.26 as of 10:01 AM on Friday, Nov 3, a rise of $2.05, or 5.82% from the previous closing price of $35.21. The stock has traded between $35.90 and $37.35 so far today. Volume today is low. So far 16,872 shares have traded compared to average volume of 96,060 shares.

More About Metropolitan Bank Holding Corp

Metropolitan Bank Holding Corp is a bank holding company. It provides a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and individuals in the New York metropolitan area. The services provided by the company include deposits, trade finance, cash management solutions, savings, electronic banking, cards, and others. The company also provides various lending products such as acquisition loans, construction loans, and lines of credit, retail, office, hospitality, multifamily, mixed-use, warehouse and distribution, and specialty use properties. The bank derives its revenue in the form of interest incomes on loans. Click Here to get the full Stock Report for Metropolitan Bank Holding Corp stock.