News Home

Is Truist Financial Corp (TFC) Stock About to Get Hot Friday?

Friday, January 14, 2022 03:42 PM | InvestorsObserver Analysts
Is Truist Financial Corp (TFC) Stock About to Get Hot Friday?

The market has been high on Truist Financial Corp (TFC) stock recently. TFC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Truist Financial Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TFC!

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. 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 TFC Stock Today?

Truist Financial Corp (TFC) stock is up 1.04% while the S&P 500 is lower by -0.04% as of 3:41 PM on Friday, Jan 14. TFC is higher by $0.69 from the previous closing price of $66.78 on volume of 4,831,775 shares. Over the past year the S&P 500 has risen 22.25% while TFC is higher by 29.55%. TFC earned $4.24 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.92. To see InvestorsObserver's Sentiment Score for Truist Financial Corp click here.

More About Truist Financial Corp

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business. Click Here to get the full Stock Report for Truist Financial Corp stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App