Pan American Silver Corp (PAAS) Stock: What Does the Chart Say Wednesday?

The market has been high on Pan American Silver Corp (PAAS) stock recently. PAAS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Pan American Silver Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PAAS!

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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 PAAS Stock Today?

Pan American Silver Corp (PAAS) stock is trading at $15.95 as of 9:50 AM on Wednesday, Aug 23, an increase of $0.51, or 3.27% from the previous closing price of $15.44. The stock has traded between $15.64 and $16.02 so far today. Volume today is below average. So far 256,044 shares have traded compared to average volume of 3,297,070 shares. To screen for more stocks like Pan American Silver Corp click here.

More About Pan American Silver Corp

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia. Click Here to get the full Stock Report for Pan American Silver Corp stock.