Pangaea Logistics Solutions Ltd (PANL) stock is lower by 1.64% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PANL Stock Today?
Pangaea Logistics Solutions Ltd (PANL) stock is trading at $2.99 as of 1:46 PM on Thursday, Apr 15, an increase of $0.06, or 2.05% from the previous closing price of $2.93. The stock has traded between $2.96 and $3.03 so far today. Volume today is below average. So far 123,961 shares have traded compared to average volume of 166,910 shares.
To see InvestorsObserver's Sentiment Score for Pangaea Logistics Solutions Ltd click here.
More About Pangaea Logistics Solutions Ltd
Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters. Its strategy depends on focusing on increasing strategic contracts of affreightment, expanding capacity and flexibility by increasing its owned fleet and increasing backhaul focus and fleet efficiency.
Click Here to get the full Stock Score Report on Pangaea Logistics Solutions Ltd (PANL) Stock.
