PG&E Corporation (PCG) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been down on PG&E Corporation (PCG) stock lately. PCG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

PG&E Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PCG!

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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 PCG Stock Today?

PG&E Corporation (PCG) stock is trading at $17.01 as of 12:46 PM on Thursday, Nov 30, a drop of -$0.16, or -0.93% from the previous closing price of $17.17. Volume today is above average. So far 24,753,213 shares have traded compared to average volume of 16,072,499 shares. The stock has traded between $16.98 and $17.22 so far today.

More About PG&E Corporation

PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization. Click Here to get the full Stock Report for PG&E Corporation stock.