Overall market sentiment has been high on PIMCO High Income Fund (PHK) stock lately. PHK receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 PHK Stock Today?
PIMCO High Income Fund (PHK) stock is trading at $5.48 as of 10:41 AM on Friday, Oct 2, a decline of -$0.02, or -0.36% from the previous closing price of $5.50. Volume today is less active than usual. So far 181,778 shares have traded compared to average volume of 484,288 shares. The stock has traded between $5.41 and $5.49 so far today.
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More About PIMCO High Income Fund
PIMCO High Income Fund is the United States based closed-end management investment company. The company's primary investment objective is to seek high current income. Its secondary objective is to seek capital appreciation.
Click Here to get the full Stock Score Report on PIMCO High Income Fund (PHK) Stock.
