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Should You Buy Northwest Bancshares Inc (NWBI) Stock on Monday?

Monday, January 30, 2023 03:46 PM | InvestorsObserver Analysts

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Should You Buy Northwest Bancshares Inc (NWBI) Stock on Monday?

Overall market sentiment has been high on Northwest Bancshares Inc (NWBI) stock lately. NWBI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Northwest Bancshares Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NWBI!

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 NWBI Stock Today?

Northwest Bancshares Inc (NWBI) stock is trading at $13.82 as of 3:46 PM on Monday, Jan 30, a drop of -$0.09, or -0.61% from the previous closing price of $13.90. Volume today is light. So far 441,958 shares have traded compared to average volume of 667,434 shares. The stock has traded between $13.78 and $13.99 so far today. To see InvestorsObserver's Sentiment Score for Northwest Bancshares Inc click here.

More About Northwest Bancshares Inc

Northwest Bancshares Inc is a stockholding company for Northwest Bank. Northwest Bank is a stock savings bank and a community-oriented financial institution offering personal and banking business solutions, investment management, trust services and insurance products. It also offers consumer finance loans through a wholly-owned subsidiary. The bank's loan portfolio segment consists of personal banking and business banking loans. Personal banking includes residential mortgages, home equity loans, and other consumer loans. Business banking loans consist of commercial real estate loans and commercial loans. Net interest income is the company's primary contributor to revenue. Click Here to get the full Stock Report for Northwest Bancshares Inc stock.

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