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Performant Financial Corp (PFMT) Stock: What Does the Chart Say Monday?

Monday, April 05, 2021 10:16 AM | InvestorsObserver Analysts
Performant Financial Corp (PFMT) Stock: What Does the Chart Say Monday?

Performant Financial Corp (PFMT) stock has risen 70.00% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

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

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 PFMT Stock Today?

Performant Financial Corp (PFMT) stock is trading at $2.55 as of 10:14 AM on Monday, Apr 5, an increase of $0.31, or 13.72% from the previous closing price of $2.24. The stock has traded between $2.26 and $2.84 so far today. Volume today is below average. So far 1,889,649 shares have traded compared to average volume of 5,426,644 shares.

To see the top 5 stocks in the Specialty Business Services industry click here.

More About Performant Financial Corp

Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients' recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are primarily offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.

Click Here to get the full Stock Score Report on Performant Financial Corp (PFMT) Stock.

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