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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PACK Stock Today?
Ranpak Holdings Corp (PACK) stock is up 3.7% while the S&P 500 is lower by -0.08% as of 1:37 PM on Thursday, Nov 16. PACK is up $0.13 from the previous closing price of $3.65 on volume of 523,983 shares. Over the past year the S&P 500 has gained 12.71% while PACK is lower by -39.17%. PACK lost -$0.31 per share in the over the last 12 months.
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More About Ranpak Holdings Corp
Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. Geographically, it derives a majority of revenue from Europe/Asia.
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