Overall market sentiment has been high on Pivotal Investment Corporation II (PIC) stock lately. PIC receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 PIC Stock Today?
Pivotal Investment Corporation II (PIC) stock is up 15.69% while the S&P 500 has fallen -0.84% as of 9:53 AM on Friday, Sep 18. PIC is higher by $1.66 from the previous closing price of $10.58 on volume of 7,207,464 shares. Over the past year the S&P 500 is up 15.51% while PIC is higher by 25.03%. PIC earned $5.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.44.
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More About Pivotal Investment Corporation II
Pivotal Investment Corp II is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Click Here to get the full Stock Score Report on Pivotal Investment Corporation II (PIC) Stock.
