Should You Buy PerkinElmer, Inc. (PKI) Stock on Thursday?

Thursday, May 11, 2023 01:48 PM | InvestorsObserver Analysts

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Should You Buy PerkinElmer, Inc. (PKI) Stock on Thursday?

Overall market sentiment has been down on PerkinElmer, Inc. (PKI) stock lately. PKI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

PerkinElmer, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PKI!

See Full PKI Report

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PKI Stock Today?

PerkinElmer, Inc. (PKI) stock is trading at $117.87 as of 1:48 PM on Thursday, May 11, a drop of -$6.68, or -5.36% from the previous closing price of $124.55. The stock has traded between $114.29 and $119.98 so far today. Volume today is more active than usual. So far 1,364,028 shares have traded compared to average volume of 705,790 shares. To see InvestorsObserver's Sentiment Score for PerkinElmer, Inc. click here.

More About PerkinElmer, Inc.

PerkinElmer provides instruments, tests, services, and software solutions to the pharmaceutical, biomedical, chemical, environmental, and general industrial markets. The company operates in two segments: diagnostics, which includes immunodiagnostics, reproductive health, and applied genomics, and discovery and analytical solutions, composed of life science, industrial, environmental, and food applications. PerkinElmer offers products and services ranging from genetic screening and environmental analytical tools to informatics and enterprise software. Click Here to get the full Stock Report for PerkinElmer, Inc. stock.