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Is it Time to Dump Plby Group Inc (PLBY) Stock After it Has Risen 27.19% in a Week?

Wednesday, January 10, 2024 12:51 PM | InvestorsObserver Analysts

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Is it Time to Dump Plby Group Inc (PLBY) Stock After it Has Risen 27.19% in a Week?

Overall market sentiment has been high on Plby Group Inc (PLBY) stock lately. PLBY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Plby Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PLBY!

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 PLBY Stock Today?

Plby Group Inc (PLBY) stock is trading at $1.45 as of 12:50 PM on Wednesday, Jan 10, a rise of $0.07, or 5.22% from the previous closing price of $1.38. The stock has traded between $1.38 and $1.55 so far today. Volume today is above average. So far 1,660,023 shares have traded compared to average volume of 809,379 shares.

More About Plby Group Inc

PLBY Group Inc. PLBY Group connects consumers around the world with products services and experiences to help them look good feel good and have fun. PLBY Group serves consumers in four major categories: Sexual Wellness Style & Apparel Gaming & Lifestyle and Beauty & Grooming PLBY Group flagship consumer brand Playboy is one of the most recognizable iconic brands in the world driving more than $3 billion in global consumer spend annually across 180 countries. Click Here to get the full Stock Report for Plby Group Inc stock.

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