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How Will the Market React to First Horizon Corp (FHN) Stock Getting a Bullish Rating

Thursday, December 01, 2022 12:00 PM | InvestorsObserver Analysts
How Will the Market React to First Horizon Corp (FHN) Stock Getting a Bullish Rating

Overall market sentiment has been high on First Horizon Corp (FHN) stock lately. FHN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 FHN Stock Today?

First Horizon Corp (FHN) stock is trading at $24.71 as of 11:48 AM on Thursday, Dec 1, a drop of -$0.15, or -0.58% from the previous closing price of $24.85. Volume today is light. So far 3,838,871 shares have traded compared to average volume of 6,567,879 shares. The stock has traded between $24.68 and $24.76 so far today. To screen for more stocks like First Horizon Corp click here.

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. Click Here to get the full Stock Report for First Horizon Corp stock.

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