Is Patterson Companies, Inc. (PDCO) a Stock to Watch After Gaining 6.19% This Week?

Overall market sentiment has been high on Patterson Companies, Inc. (PDCO) stock lately. PDCO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

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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. 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 PDCO Stock Today?

Patterson Companies, Inc. (PDCO) stock is trading at $32.95 as of 11:10 AM on Tuesday, Nov 2, an increase of $0.31, or 0.95% from the previous closing price of $32.64. The stock has traded between $32.54 and $33.41 so far today. Volume today is light. So far 199,893 shares have traded compared to average volume of 531,468 shares. To screen for more stocks like Patterson Companies, Inc. click here.

More About Patterson Companies, Inc.

Patterson is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental and Patterson Animal Health. The firm offers dental and veterinary practice management products, including office software products, technical, financial, and educational services, primarily to two highly fragmented market segments throughout the U.S. and Canada. The company began as a dental distributor in 1877 and expanded to become a major supplier of animal health products to vets and production companies through an acquisition of Animal Health International in 2015. Patterson also has a presence in the U.K. animal health market. Click Here to get the full Stock Report for Patterson Companies, Inc. stock.