The market has been down on Raymond James Financial, Inc. (RJF) stock recently. RJF gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Raymond James Financial, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RJF!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 RJF Stock Today?
Raymond James Financial, Inc. (RJF) stock is trading at $98.24 as of 1:42 PM on Thursday, Dec 2, an increase of $3.29, or 3.46% from the previous closing price of $94.95. The stock has traded between $94.62 and $98.52 so far today. Volume today is low. So far 492,011 shares have traded compared to average volume of 1,022,287 shares.
More About Raymond James Financial, Inc.
Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company has more than 14,000 employees and supports more than 4,000 independent contractor financial advisors across the United States, Canada, and the United Kingdom. Approximately 90% of the company's revenue is from the U.S. and 70% is from the company's wealth management segment.
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