How Will the Market React to FirstEnergy Corp (FE) Stock Getting a Bullish Rating

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

FirstEnergy Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FE!

See Full FE Report

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With FE Stock Today?

FirstEnergy Corp (FE) stock has gained 1.09% while the S&P 500 is lower by -0.05% as of 2:57 PM on Thursday, Nov 16. FE is up $0.40 from the previous closing price of $36.82 on volume of 1,328,988 shares. Over the past year the S&P 500 is higher by 12.75% while FE is lower by -2.44%. FE earned $0.91 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 40.88. To screen for more stocks like FirstEnergy Corp click here.

More About FirstEnergy Corp

FirstEnergy is one of the largest investor-owned utilities in the United States with 10 regulated distribution companies across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems with 24,000 miles of lines. Click Here to get the full Stock Report for FirstEnergy Corp stock.