The market has been high on Plantronics Inc (PLT) stock recently. PLT gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 PLT Stock Today?
Plantronics Inc (PLT) stock is trading at $40.96 as of 1:57 PM on Friday, Apr 30, a decline of -$1.45, or -3.42% from the previous closing price of $42.41. The stock has traded between $40.65 and $43.40 so far today. Volume today is more active than usual. So far 596,517 shares have traded compared to average volume of 459,522 shares.
To see the top 5 stocks in the Communication Equipment industry click here.
More About Plantronics Inc
Plantronics Inc designs and manufactures lightweight communications headsets, telephone headset systems, and other communications endpoints. The firm's headsets are used for unified communications applications in contact centers, with mobile devices and Internet telephony, for gaming, and for other applications. Its products are shipped through a network of distributors, retailers, wireless carriers, original equipment manufacturers, and other service providers. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Africa, Asia Pacific, and other regions.
Click Here to get the full Stock Score Report on Plantronics Inc (PLT) Stock.
