Overall market sentiment has been high on Pintec Technology Hldgs (PT) stock lately. PT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Pintec Technology Hldgs has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PT!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 PT Stock Today?
Pintec Technology Hldgs (PT) stock is lower by -25.66% while the S&P 500 is higher by 0.17% as of 1:31 PM on Monday, May 16. PT is down -$0.60 from the previous closing price of $2.33 on volume of 110,483 shares. Over the past year the S&P 500 is lower by -3.18% while PT is higher by 45.38%. PT lost -$1.75 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Pintec Technology Hldgs click here.
More About Pintec Technology Hldgs
Pintec Technology Holdings Ltd is a technology platform that provides financial services in China in terms of loan volume facilitated. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end-users. Its products include installment loans, personal loans, wealth management, insurance brokerage, SME loans, and others. The company generates its revenue from technical service fees.
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