Is PACCAR Inc (PCAR) Stock About to Get Hot Thursday?

PACCAR Inc (PCAR) stock has risen 3.14% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 PCAR Stock Today?

PACCAR Inc (PCAR) stock is trading at $84.03 as of 11:55 AM on Thursday, Sep 2, a gain of $1.37, or 1.66% from the previous closing price of $82.66. The stock has traded between $82.68 and $84.06 so far today. Volume today is below average. So far 940,871 shares have traded compared to average volume of 2,438,070 shares. To screen for more stocks like PACCAR Inc click here.

More About PACCAR Inc

Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. Its trucks are sold through over 2,200 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 16% of the heavy-duty market share in Europe. Click Here to get the full Stock Report for PACCAR Inc stock.