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Should You Buy First Horizon Corp (FHN) Stock on Monday?

Monday, January 30, 2023 03:38 PM | InvestorsObserver Analysts

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Should You Buy First Horizon Corp (FHN) Stock on Monday?

The market has been high on First Horizon Corp (FHN) stock recently. FHN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 FHN Stock Today?

First Horizon Corp (FHN) stock is flat 0% while the S&P 500 is lower by -1.17% as of 3:37 PM on Monday, Jan 30. FHN is flat $0.00 from the previous closing price of $24.68 on volume of 4,019,617 shares. Over the past year the S&P 500 is lower by -10.91% while FHN has risen 44.24%. FHN earned $1.49 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.61.

More About First Horizon Corp

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second-largest deposit franchise with a 13% deposit market share. Click Here to get the full Stock Report for First Horizon Corp stock.

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