The market has been high on Alliancebernstein Holding LP (AB) stock recently. AB gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 AB Stock Today?
Alliancebernstein Holding LP (AB) stock is trading at $46.04 as of 3:15 PM on Thursday, May 6, an increase of $0.89, or 1.97% from the previous closing price of $45.15. The stock has traded between $44.71 and $46.92 so far today. Volume today is above average. So far 588,292 shares have traded compared to average volume of 391,535 shares.
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More About Alliancebernstein Holding LP
AllianceBernstein provides investment management services to institutional (46% of assets under management), retail (39%), and private (15%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of 2020, AB had $686 billion in managed assets, composed primarily of fixed-income (47% of AUM) and equity (41%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary.
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