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Should You Buy PACCAR Inc (PCAR) Stock After it Is Higher By 1.59% in a Week?

Tuesday, October 20, 2020 09:50 AM | InvestorsObserver Analysts
Should You Buy PACCAR Inc (PCAR) Stock After it Is Higher By 1.59% in a Week?

The market has been high on PACCAR Inc (PCAR) stock recently. PCAR gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

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

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 PCAR Stock Today?

PACCAR Inc (PCAR) stock is trading at $89.95 as of 9:49 AM on Tuesday, Oct 20, a loss of -$1.11, or -1.22% from the previous closing price of $91.06. The stock has traded between $89.00 and $92.00 so far today. Volume today is below average. So far 257,791 shares have traded compared to average volume of 1,547,610 shares.

To see the top 5 stocks in the Farm & Heavy Construction Machinery industry click here.

More About PACCAR Inc

Paccar is a manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. Its trucks are sold through 2,200 independent dealers in 103 countries. It currently commands 29% of the class 8 market share in North America and 17% of the heavy-duty market share in Europe. Its consolidated revenue for 2019 was $25.6 billion, including $1.5 billion of financial-services revenue.

Click Here to get the full Stock Score Report on PACCAR Inc (PCAR) Stock.