Overall market sentiment has been high on People's United Financial, Inc. (PBCT) stock lately. PBCT receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 PBCT Stock Today?
People's United Financial, Inc. (PBCT) stock is trading at $17.27 as of 11:36 AM on Monday, Jun 28, a decline of -$0.59, or -3.28% from the previous closing price of $17.86. The stock has traded between $17.23 and $17.76 so far today. Volume today is less active than usual. So far 1,041,350 shares have traded compared to average volume of 3,036,440 shares.
To see InvestorsObserver's Sentiment Score for People's United Financial, Inc. click here.
More About People's United Financial, Inc.
People's United Financial Inc has nearly $39 billion of assets. People's United Bank is one of the New England-based banks and among the top 50 in the U.S. Of the bank's 405 locations, 40% are in Connecticut, where it ranks third by deposit market share. It also ranks among the top 10 in Vermont, New Hampshire, and Maine. The bank offers brokerage, financial advisory and wealth management, and insurance services. Commercial real estate accounts for 35% of the loan book, C&I and equipment financing accounts for another 35%, and the rest is in mortgages and consumer.
Click Here to get the full Stock Score Report on People's United Financial, Inc. (PBCT) Stock.
