Overall market sentiment has been high on Plantronics Inc (PLT) stock lately. PLT receives a Bullish rating 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.
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 PLT Stock Today?
Plantronics Inc (PLT) stock is trading at $15.43 as of 11:45 AM on Thursday, Jul 9, a drop of -$0.59, or -3.68% from the previous closing price of $16.02. The stock has traded between $15.14 and $16.01 so far today. Volume today is low. So far 582,908 shares have traded compared to average volume of 1,041,011 shares.
To see InvestorsObserver's Sentiment Score for Plantronics Inc 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.
