Medallion Financial Corp (MFIN) stock is up 21.36% 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.
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 MFIN Stock Today?
Medallion Financial Corp (MFIN) stock is trading at $5.00 as of 3:11 PM on Monday, Nov 23, a gain of $0.41, or 8.93% from the previous closing price of $4.59. The stock has traded between $4.67 and $5.09 so far today. Volume today is elevated. So far 134,502 shares have traded compared to average volume of 70,022 shares.
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More About Medallion Financial Corp
Medallion Financial Corp is a specialty finance company that originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. Its segments include Recreation lending, Home improvement lending, Commercial lending, and Medallion lending. It offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small-scale home improvements; and commercial loans for the purchase of equipment and related assets necessary for new business or improvement of an existing business.Geographically, all the operations are functioned through the region of the United States.
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