First Horizon Corp (Tennessee) (FHN) stock is up 14.98% 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.
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 (Tennessee) (FHN) stock is trading at $14.43 as of 1:41 PM on Wednesday, Jan 6, a gain of $1.29, or 9.82% from the previous closing price of $13.14. The stock has traded between $13.57 and $14.47 so far today. Volume today is above average. So far 6,389,569 shares have traded compared to average volume of 4,881,187 shares.
To see InvestorsObserver's Sentiment Score for First Horizon Corp (Tennessee) click here.
More About First Horizon Corp (Tennessee)
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 Score Report on First Horizon Corp (Tennessee) (FHN) Stock.
