How Will the Market React to PennantPark Investment Corp. (PNNT) Stock Getting a Bullish Rating

PennantPark Investment Corp. (PNNT) stock has risen 2.09% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 PNNT Stock Today?

PennantPark Investment Corp. (PNNT) stock is trading at $6.83 as of 2:21 PM on Thursday, Mar 28, an increase of $0.01, or 0.22% from the previous closing price of $6.82. Volume today is below average. So far 225,060 shares have traded compared to average volume of 443,235 shares. The stock has traded between $6.83 and $6.92 so far today.

More About PennantPark Investment Corp.

Pennant Park Investment Corp is a closed-end, non-diversified investment company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments. The company focuses on investing in US middle-market companies that offer attractive risk-reward to investors and to create a diversified portfolio that includes senior secured debt, mezzanine debt, and equity investments. It generates most of its revenue from interest and dividends received from investments made. Click Here to get the full Stock Report for PennantPark Investment Corp. stock.