Where Will Republic First Bancorp Inc (FRBK) Stock Go Next After It Has Gained 24.39% in a Week?

Monday, July 31, 2023 10:51 AM | InvestorsObserver Analysts

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Where Will Republic First Bancorp Inc (FRBK) Stock Go Next After It Has Gained 24.39% in a Week?

Republic First Bancorp Inc (FRBK) stock has risen 24.39% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

See Full FRBK Report

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. 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 FRBK Stock Today?

Republic First Bancorp Inc (FRBK) stock is trading at $1.02 as of 10:48 AM on Monday, Jul 31, a rise of $0.02, or 2% from the previous closing price of $1.00. The stock has traded between $1.01 and $1.04 so far today. Volume today is less active than usual. So far 163,273 shares have traded compared to average volume of 725,609 shares. To see InvestorsObserver's Sentiment Score for Republic First Bancorp Inc click here.

More About Republic First Bancorp Inc

Republic First Bancorp Inc is an American state-chartered bank. It is principally a holding company for Republic First Bank. The bank offers a range of credit and depository banking products and services, such as consumer and commercial deposit accounts, interest-bearing demand accounts, savings accounts, secured and unsecured commercial loans, real estate loans, automobile loans, mortgages, and other products. It operates in the reportable segment of Community banking. Click Here to get the full Stock Report for Republic First Bancorp Inc stock.