The market has been high on PACCAR Inc (PCAR) stock recently. PCAR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
PACCAR Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PCAR!
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.
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 PCAR Stock Today?
PACCAR Inc (PCAR) stock is trading at $85.14 as of 1:01 PM on Friday, May 27, an increase of $1.00, or 1.19% from the previous closing price of $84.14. The stock has traded between $84.92 and $85.87 so far today. Volume today is below average. So far 767,121 shares have traded compared to average volume of 1,861,376 shares.
To see InvestorsObserver's Sentiment Score for PACCAR Inc click here.
More About PACCAR Inc
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. Its trucks are sold through over 2,200 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 29% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
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