Where Will First Bancorp Inc (FNLC) Stock Go Next After It Has Risen 6.31% in a Week?

First Bancorp Inc (FNLC) stock is up 6.31% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

First Bancorp Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FNLC!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With FNLC Stock Today?

First Bancorp Inc (FNLC) stock is trading at $24.59 as of 10:28 AM on Friday, May 19, an increase of $0.34, or 1.4% from the previous closing price of $24.25. The stock has traded between $24.47 and $24.93 so far today. Volume today is low. So far 3,137 shares have traded compared to average volume of 16,243 shares. To see InvestorsObserver's Sentiment Score for First Bancorp Inc click here.

More About First Bancorp Inc

First Bancorp Inc is a Damariscotta-based bank holding company providing a range of retail and commercial banking services including deposit accounts and consumer, commercial and mortgage loans. The company provides investment management and private banking services through an operating division of the bank. Its revenues are generally derived from dividends paid to the company by the bank. Click Here to get the full Stock Report for First Bancorp Inc stock.