Pennant Group Inc (PNTG) Stock: What Does the Chart Say Tuesday?

Pennant Group Inc (PNTG) stock has fallen 4.19% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Pennant Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PNTG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 PNTG Stock Today?

Pennant Group Inc (PNTG) stock is up 14.38% while the S&P 500 is lower by -0.22% as of 11:36 AM on Tuesday, May 10. PNTG is up $1.84 from the previous closing price of $12.80 on volume of 87,228 shares. Over the past year the S&P 500 has fallen -4.91% while PNTG is lower by -59.97%. PNTG earned $0.09 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 166.4.

More About Pennant Group Inc

Pennant Group Inc is engaged in providing healthcare services to patients of all ages, including the growing senior population, in the United States. It operates in multiple lines of business including home health and hospice services which includes our home health, hospice, and home care businesses and Senior living which includes the company's assisted living, independent living, and memory care communities across Arizona, California, Colorado, Idaho, Iowa, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. The majority of the revenue is generated from the Home Health and Hospice Services segment. Click Here to get the full Stock Report for Pennant Group Inc stock.