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What is the Market's View on PBF Energy Inc (PBF) Stock's Price and Volume Trends Thursday?

Thursday, May 26, 2022 10:48 AM | InvestorsObserver Analysts

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What is the Market's View on PBF Energy Inc (PBF) Stock's Price and Volume Trends Thursday?

Overall market sentiment has been high on PBF Energy Inc (PBF) stock lately. PBF receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

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. 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 PBF Stock Today?

PBF Energy Inc (PBF) stock is down -1.52% while the S&P 500 is higher by 1.54% as of 10:31 AM on Thursday, May 26. PBF is down -$0.48 from the previous closing price of $31.62 on volume of 257,816 shares. Over the past year the S&P 500 has fallen -3.54% while PBF is higher by 109.13%. PBF earned $2.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.48. To see InvestorsObserver's Sentiment Score for PBF Energy Inc click here.

More About PBF Energy Inc

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil. Depending on the location of the facility, crude can be received by either water or rail. PBF products are sold throughout the Northeast, Midwest, and Gulf Coast of the United States, and in different regions of Canada. Click Here to get the full Stock Report for PBF Energy Inc stock.

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