Is PROG Holdings Inc (PRG) Stock About to Get Hot Tuesday?

PROG Holdings Inc (PRG) stock is lower by 5.56% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

PROG Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PRG!

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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 PRG Stock Today?

PROG Holdings Inc (PRG) stock is trading at $24.63 as of 12:51 PM on Tuesday, Mar 14, a rise of $0.94, or 3.97% from the previous closing price of $23.69. The stock has traded between $24.53 and $25.26 so far today. Volume today is low. So far 320,511 shares have traded compared to average volume of 552,707 shares. To see InvestorsObserver's Sentiment Score for PROG Holdings Inc click here.

More About PROG Holdings Inc

PROG Holdings Inc is a financial technology holding company that provides transparent and competitive payment options to consumers. The Company has two reportable segments: (i) Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and (ii) Vive Financial (Vive), an omnichannel provider of second-look revolving credit products. The majority of the revenue of the company is earned through the progressive leasing segment. Click Here to get the full Stock Report for PROG Holdings Inc stock.