The market has been down on Procter & Gamble Co (PG) stock recently. PG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Procter & Gamble Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PG!
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With PG Stock Today?
Procter & Gamble Co (PG) stock is trading at $128.96 as of 1:56 PM on Thursday, Sep 29, a drop of -$2.98, or -2.26% from the previous closing price of $131.94. The stock has traded between $128.79 and $131.87 so far today. Volume today is below average. So far 2,930,594 shares have traded compared to average volume of 6,527,064 shares.
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More About Procter & Gamble Co
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent around 55% of the firm's consolidated total, with around one third coming from emerging markets.
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