The market has been high on Progyny Inc (PGNY) stock recently. PGNY gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 PGNY Stock Today?
Progyny Inc (PGNY) stock is trading at $43.89 as of 3:31 PM on Thursday, Feb 25, a loss of -$9.45, or -17.72% from the previous closing price of $53.34. The stock has traded between $43.33 and $50.47 so far today. Volume today is high. So far 2,223,760 shares have traded compared to average volume of 709,535 shares.
To see the top 5 stocks in the Health Information Services industry click here.
More About Progyny Inc
Progyny Inc is a United States based company engaged in specializing in fertility and family building benefits solutions. Its clients include employers across various industries.
Click Here to get the full Stock Score Report on Progyny Inc (PGNY) Stock.
