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Should You Buy Credit Suisse Group AG (CS) Stock on Friday?

Friday, August 19, 2022 10:13 AM | InvestorsObserver Analysts
Should You Buy Credit Suisse Group AG (CS) Stock on Friday?

Overall market sentiment has been down on Credit Suisse Group AG (CS) stock lately. CS receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Credit Suisse Group AG has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CS!

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CS Stock Today?

Credit Suisse Group AG (CS) stock is trading at $5.32 as of 10:05 AM on Friday, Aug 19, a drop of -$0.18, or -3.27% from the previous closing price of $5.50. The stock has traded between $5.31 and $5.41 so far today. Volume today is less active than usual. So far 2,126,885 shares have traded compared to average volume of 12,821,251 shares.

More About Credit Suisse Group AG

Credit Suisse runs a global wealth management business, a global investment bank and is one of the two dominant Swiss retail and commercial banks. Geographically its business is tilted toward Europe and the Asia-Pacific. Click Here to get the full Stock Report for Credit Suisse Group AG stock.

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