Should You Buy Mercury General Corp (MCY) Stock on Friday?

Overall market sentiment has been high on Mercury General Corp (MCY) stock lately. MCY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Mercury General Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MCY!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MCY Stock Today?

Mercury General Corp (MCY) stock is down -1.65% while the S&P 500 has gained 1.02% as of 1:28 PM on Friday, Nov 3. MCY is lower by -$0.61 from the previous closing price of $37.01 on volume of 138,334 shares. Over the past year the S&P 500 has risen 16.02% while MCY has gained 10.10%. MCY lost -$1.84 per share in the over the last 12 months.

More About Mercury General Corp

Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman and majority owner. Its insurance is distributed exclusively through independent agents. Click Here to get the full Stock Report for Mercury General Corp stock.