Should You Buy Atlantic American Corporation (AAME) Stock on Thursday?

Thursday, July 28, 2022 02:58 PM | InvestorsObserver Analysts

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Should You Buy Atlantic American Corporation (AAME) Stock on Thursday?

Overall market sentiment has been down on Atlantic American Corporation (AAME) stock lately. AAME receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Atlantic American Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AAME!

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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 AAME Stock Today?

Atlantic American Corporation (AAME) stock is trading at $2.83 as of 12:55 PM on Thursday, Jul 28, a rise of $0.10, or 3.66% from the previous closing price of $2.73. The stock has traded between $2.60 and $2.83 so far today. Volume today is 7,579 compared to average volume of 8,511. To screen for more stocks like Atlantic American Corporation click here.

More About Atlantic American Corporation

Atlantic American Corp operates in specialty markets within the life and health and property and casualty insurance industries. It provides property and casualty insurance including bodily injury and property damage liability coverage, uninsured motorist coverage, and physical damage coverage for commercial accounts. It also provides tailored business automobile insurance coverage, on a multi-year contract basis, to state governments and local municipalities. The company's life and health operations offer a variety of life and supplemental health products including ordinary and term life insurance, Medicare supplement, and other health insurance. It earns revenue from the collection of premiums and investment income. Click Here to get the full Stock Report for Atlantic American Corporation stock.