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Trupanion Inc (TRUP) Stock: What Does the Chart Say Thursday?

Thursday, February 29, 2024 12:31 PM | InvestorsObserver Analysts

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Trupanion Inc (TRUP) Stock: What Does the Chart Say Thursday?

The market has been high on Trupanion Inc (TRUP) stock recently. TRUP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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. 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 TRUP Stock Today?

Trupanion Inc (TRUP) stock is lower by -7.59% while the S&P 500 has risen 0.12% as of 12:14 PM on Thursday, Feb 29. TRUP has fallen -$2.17 from the previous closing price of $28.58 on volume of 347,708 shares. Over the past year the S&P 500 is higher by 27.85% while TRUP has fallen -55.52%. TRUP lost -$1.08 per share in the over the last 12 months.

More About Trupanion Inc

Trupanion Inc is a specialty insurance products provider in the United States. Its core business is the sale of insurance products tailor-made for pets, especially cats and dogs. The company generates most of its revenue from the subscription fees for the medical insurance plans. The company's medical plan pays most of the actual veterinary costs for the accident and illness claims, has no payout limitations, and can be used to cover the costs incurred at any veterinary practice, emergency care center, or specialty hospital primarily in the United States and in Canada and Puerto Rico. It operates in two business segments: subscription business and other business. Click Here to get the full Stock Report for Trupanion Inc stock.

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