Pan American Silver Corp. (PAAS) stock has fallen 3.75% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Pan American Silver Corp. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PAAS!
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.
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 PAAS Stock Today?
Pan American Silver Corp. (PAAS) stock is trading at $15.40 as of 10:37 AM on Wednesday, Sep 28, an increase of $0.87, or 5.95% from the previous closing price of $14.53. The stock has traded between $14.78 and $15.53 so far today. Volume today is below average. So far 1,113,069 shares have traded compared to average volume of 2,610,876 shares.
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More About Pan American Silver Corp.
Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.
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