Is it Time to Dump First Bancorp (FBP) Stock After it Is Up 2.25% in a Week?

The market has been high on First Bancorp (FBP) stock recently. FBP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

First Bancorp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FBP!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With FBP Stock Today?

First Bancorp (FBP) stock is trading at $17.24 as of 2:14 PM on Monday, Apr 1, a loss of -$0.28, or -1.6% from the previous closing price of $17.52. The stock has traded between $17.16 and $17.58 so far today. Volume today is light. So far 302,606 shares have traded compared to average volume of 1,127,355 shares. To see InvestorsObserver's Sentiment Score for First Bancorp click here.

More About First Bancorp

First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico. Click Here to get the full Stock Report for First Bancorp stock.