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Is Enact Holdings Inc (ACT) Stock About to Get Hot Wednesday?

Wednesday, September 28, 2022 03:20 PM | InvestorsObserver Analysts
Is Enact Holdings Inc (ACT) Stock About to Get Hot Wednesday?

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

Sentiment Score - ,bearish
Enact Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ACT!

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 ACT Stock Today?

Enact Holdings Inc (ACT) stock is trading at $22.72 as of 3:19 PM on Wednesday, Sep 28, a gain of $0.78, or 3.56% from the previous closing price of $21.94. The stock has traded between $21.92 and $22.79 so far today. Volume today is light. So far 103,146 shares have traded compared to average volume of 269,698 shares. To screen for more stocks like Enact Holdings Inc click here.

More About Enact Holdings Inc

Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance. Click Here to get the full Stock Report for Enact Holdings Inc stock.

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