PG&E Corporation (PCG) stock has risen 18.21% over the past week and gets a Bullish rating from InvestorsObserver's 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.
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 PCG Stock Today?
PG&E Corporation (PCG) stock is higher by 7.98% while the S&P 500 is down -0.48% as of 10:59 AM on Wednesday, Nov 18. PCG has risen $0.93 from the previous closing price of $11.72 on volume of 15,861,939 shares. Over the past year the S&P 500 has risen 15.61% while PCG has risen 78.56%. PCG lost -$9.97 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for PG&E Corporation click here.
More About PG&E Corporation
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.4 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
Click Here to get the full Stock Score Report on PG&E Corporation (PCG) Stock.
