General market sentiment was down on Open Lending Corp (LPRO) stock lately. LPRO receives a bearish rating of Investors Observer Stock sentiment indicator.
What is stock market sentiment?
Sentiment uses short-term technical analysis to assess whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long-term health of the underlying company. Updates for the company, such as a earnings release, can move the title away from current trends.
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 LPRO Stock today?
Open Lending Corp (LPRO) stock trades at $ 38.90 on Thursday, April 1 at 11:36 a.m., an increase of $ 3.48, or 9.82% from the previous closing price of 35.42 $. The stock has traded between $ 35.86 and $ 39.75 so far today. The volume today is high. So far, 3,013,732 shares have been traded for an average volume of 1,038,994 shares.
Learn more about Open Lending Corp
Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lender Protection Program (“LPP”) allows auto lenders to extend loans that are largely insured against losses due to defaults.