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Is PepsiCo, Inc. (PEP) Stock About to Get Hot Thursday?

Thursday, September 29, 2022 01:16 PM | InvestorsObserver Analysts
Is PepsiCo, Inc. (PEP) Stock About to Get Hot Thursday?

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

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

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 PEP Stock Today?

PepsiCo, Inc. (PEP) stock is trading at $165.68 as of 1:11 PM on Thursday, Sep 29, a drop of -$2.99, or -1.77% from the previous closing price of $168.67. The stock has traded between $165.58 and $169.14 so far today. Volume today is low. So far 1,462,537 shares have traded compared to average volume of 4,860,234 shares.

More About PepsiCo, Inc.

PepsiCo is one of the largest food and beverage companies globally. It makes, markets, and sells a slew of brands across the beverage and snack categories, including Pepsi, Mountain Dew, Gatorade, Doritos, Lays, and Ruffles. The firm uses a largely integrated go-to-market model, though it does leverage third-party bottlers, contract manufacturers, and distributors in certain markets. In addition to company-owned trademarks, Pepsi manufactures and distributes other brands through partnerships and joint ventures with companies such as Starbucks. The firm segments its operations into five primary geographies, with North America (comprising Frito-Lay North America, Quaker Foods North America, and North America beverages) constituting around 60% of consolidated revenue. Click Here to get the full Stock Report for PepsiCo, Inc. stock.

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