Overall market sentiment has been down on Eastern Bankshares Inc (EBC) stock lately. EBC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Eastern Bankshares Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EBC!
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 EBC Stock Today?
Eastern Bankshares Inc (EBC) stock has risen 0.63% while the S&P 500 is down -0.4% as of 11:04 AM on Friday, Mar 15. EBC is up $0.08 from the previous closing price of $12.77 on volume of 450,298 shares. Over the past year the S&P 500 is up 31.81% while EBC is up 3.63%. EBC lost -$0.39 per share in the over the last 12 months.
More About Eastern Bankshares Inc
Eastern Bankshares Inc is a commercial bank. The bank provides a broad range of products and services to retail, commercial and small business customers. It operates in two segments namely, banking and insurance agency operations. The banking business which derives majority revenue offers a range of commercial, retail, wealth management, and banking services, and consists primarily of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations, to originate loans in a variety of sectors and to invest in securities. Revenue from the banking business consists primarily of interest earned on loans and investment securities.
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