Is it Time to Dump PerkinElmer, Inc. (PKI) Stock After it Has Risen 3.74% in a Week?

Wednesday, July 06, 2022 03:32 PM | InvestorsObserver Analysts

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Is it Time to Dump PerkinElmer, Inc. (PKI) Stock After it Has Risen 3.74% in a Week?

The market has been high on PerkinElmer, Inc. (PKI) stock recently. PKI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

PerkinElmer, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PKI!

See Full PKI Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 PKI Stock Today?

PerkinElmer, Inc. (PKI) stock is trading at $146.62 as of 3:23 PM on Wednesday, Jul 6, an increase of $2.18, or 1.51% from the previous closing price of $144.44. The stock has traded between $144.25 and $147.12 so far today. Volume today is low. So far 338,652 shares have traded compared to average volume of 687,036 shares. To see InvestorsObserver's Sentiment Score for PerkinElmer, Inc. click here.

More About PerkinElmer, Inc.

PerkinElmer provides instruments, tests, services, and software solutions to the pharmaceutical, biomedical, chemical, environmental, and general industrial markets. The company operates in two segments: diagnostics, which includes immunodiagnostics, reproductive health, and applied genomics, and discovery and analytical solutions, composed of life science, industrial, environmental, and food applications. PerkinElmer offers products and services ranging from genetic screening and environmental analytical tools to informatics and enterprise software. Click Here to get the full Stock Report for PerkinElmer, Inc. stock.