Public Service Enterprise Group Inc. (PEG) stock has gained 3.25% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With PEG Stock Today?
Public Service Enterprise Group Inc. (PEG) stock is up 0.51% while the S&P 500 is down -1.63% as of 9:43 AM on Tuesday, Oct 20. PEG is up $0.31 from the previous closing price of $59.50 on volume of 6 shares. Over the past year the S&P 500 has gained 13.98% while PEG is down -4.12%. PEG earned $3.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.38.
More About Public Service Enterprise Group Inc.
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G), a merchant power generation owner (PSEG Power), and an energy investment firm (PSEG Enterprise). PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG Power owns and operates merchant power plants in the Mid-Atlantic, New York, and the Northeast. Energy Holdings invests in energy-related assets worldwide. PSEG also operates the Long Island Power Authority system.