Overall market sentiment has been down on Fanhua Inc (FANH) stock lately. FANH receives a Bearish rating 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 indator 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 FANH Stock Today?
Fanhua Inc (FANH) stock is trading at $20.48 as of 3:22 PM on Wednesday, Aug 5, an increase of $0.70, or 3.54% from the previous closing price of $19.78. The stock has traded between $19.85 and $20.76 so far today. Volume today is below average. So far 69,015 shares have traded compared to average volume of 124,365 shares.
To see the top 5 stocks in the Insurance Brokers industry click here.
More About Fanhua Inc
Fanhua Inc is an independent insurance intermediary company operating in China. The company sells insurance product offerings from various insurance companies through there online platforms Lan Zhanggui, CNpad Auto, Baowang, and eHuzhu. The company's segments include the insurance agency segment, which mainly consists of providing agency services for Property & casualty insurance products and life insurance products to individual clients, and the claims adjusting segment, which consists of providing pre-underwriting survey services, disposal of residual value services, loading and unloading supervision services, and consulting services. The insurance agency segment contributes to the majority of the revenue. The company generates all of its revenues from China.
