The market has been high on Pegasystems Inc. (PEGA) stock recently. PEGA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
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 PEGA Stock Today?
Pegasystems Inc. (PEGA) stock is trading at $112.11 as of 11:55 AM on Wednesday, Dec 29, a rise of $0.16, or 0.14% from the previous closing price of $111.95. Volume today is low. So far 90,270 shares have traded compared to average volume of 318,548 shares. The stock has traded between $110.50 and $113.45 so far today. To screen for more stocks like Pegasystems Inc. click here.
More About Pegasystems Inc.
Founded in 1983, Pegasystems provides a suite of solutions for customer engagement and business process automation. The company’s key offering is the Pega Infinity platform, which combines business process automation with customer engagement applications. Click Here to get the full Stock Report for Pegasystems Inc. stock.
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