How Will the Market React to PROG Holdings Inc (PRG) Stock Getting a Bearish Rating

The market has been down on PROG Holdings Inc (PRG) stock recently. PRG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

PROG Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PRG!

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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. 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 PRG Stock Today?

PROG Holdings Inc (PRG) stock is trading at $13.83 as of 2:20 PM on Tuesday, Oct 25, a gain of $1.04, or 8.13% from the previous closing price of $12.79. The stock has traded between $13.02 and $14.09 so far today. Volume today is 816,217 compared to average volume of 767,376. To screen for more stocks like PROG Holdings Inc click here.

More About PROG Holdings Inc

PROG Holdings Inc is a provider of lease-purchase solutions through more than 30,000 retail partner locations in 46 states and the district of Columbia, including e-commerce merchants. The firm operates in two segments Progressive Leasing and Vive Financial. The majority of the firm's revenue is derived from the Progressive Leasing segment that offers lease-to-own transactions mainly to credit-challenged consumers, through point-of-sale and e-commerce retail partners, via in-store, mobile, and online solutions. Click Here to get the full Stock Report for PROG Holdings Inc stock.