How the market reacts to getting a bullish rating for People’s United Financial, Inc. (PBCT) stock
Overall market sentiment has been elevated lately for shares of People’s United Financial, Inc. (PBCT). PBCT receives a bullish rating of Investors Observer Stock sentiment indicator.
What is stock market sentiment?
In investing, sentiment usually means whether or not a given security is in favor of investors. This is usually a fairly short-term measure that relies entirely on technical analysis. This means that it does not integrate anything to do with the health or profitability of the underlying business.
Recent trends are a good indicator of current market sentiment. In its most basic form, rising stocks are desirable to investors, while currently falling stocks should be unattractive.
Investors ObserverThe sentimental indicator tracks both price and volume changes to analyze the most recent trends. Typically, an increase in volume indicates that the current trends are strengthening, while a decrease in volume usually signals the end of the current trend.
The options available can also represent the current feelings for a given action. Since investors are able to bet on future trends in stocks using options, we take the call-to-put ratio into account when analyzing market sentiment.
What is happening with PBCT shares today?
People’s United Financial, Inc. (PBCT) stock is trading at $ 17.27 at 11:36 a.m. on Monday, June 28, down $ 0.59, or -3.28% from the closing price previous $ 17.86. The stock has traded between $ 17.23 and $ 17.76 so far today. The volume today is less active than usual. So far, 1,041,350 shares have been traded for an average volume of 3,036,440 shares.
To have Investors ObserverSentiment Score from People’s United Financial, Inc. click here.
Learn more about People’s United Financial, Inc.
People’s United Financial Inc has nearly $ 39 billion in assets. People’s United Bank is one of the New England-based banks and among the top 50 in the United States. Of the bank’s 405 branches, 40% are in Connecticut, where it ranks third in terms of deposit market share. It also ranks among the top 10 in Vermont, New Hampshire, and Maine. The bank offers brokerage, financial advice, wealth management and insurance services. Commercial real estate accounts for 35% of the loan portfolio, C&I and equipment finance accounts for an additional 35%, and the rest is made up of mortgages and consumer credit.
Click here for the full People’s United Financial, Inc. (PBCT) stock valuation report.