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What is the Market's View on Unum Group (UNM) Stock's Price and Volume Trends Tuesday?

Tuesday, November 28, 2023 03:20 PM | InvestorsObserver Analysts

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What is the Market's View on Unum Group (UNM) Stock's Price and Volume Trends Tuesday?

Unum Group (UNM) stock is down 0.07% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 UNM Stock Today?

Unum Group (UNM) stock is trading at $42.28 as of 3:09 PM on Tuesday, Nov 28, a drop of -$0.83, or -1.93% from the previous closing price of $43.11. The stock has traded between $42.16 and $43.04 so far today. Volume today is below average. So far 510,642 shares have traded compared to average volume of 1,733,563 shares. To see InvestorsObserver's Sentiment Score for Unum Group click here.

More About Unum Group

Unum Group is a provider of group and individual income protection insurance products in the United States, the United Kingdom, Poland, and other countries. It is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers a complementary portfolio of other insurance products, including long-term care insurance, life insurance, and employer- and employee-paid group benefits. It has the following operating business segments: Unum US, Unum International, and Colonial Life. The majority of the revenue is earned from the Unum US segment. The firm markets its products primarily through brokers. Click Here to get the full Stock Report for Unum Group stock.

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