Is Truist Financial Corp (TFC) a Stock to Watch After Gaining 7.97% This Week?

Overall market sentiment has been high on Truist Financial Corp (TFC) stock lately. TFC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Truist Financial Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TFC!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge 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 stock away from current trends.

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 TFC Stock Today?

Truist Financial Corp (TFC) stock is trading at $37.81 as of 12:48 PM on Thursday, Mar 21, a gain of $0.99, or 2.69% from the previous closing price of $36.82. The stock has traded between $37.02 and $37.89 so far today. Volume today is light. So far 5,374,036 shares have traded compared to average volume of 9,745,002 shares.

More About Truist Financial Corp

Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina.[11] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.[12][13] Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.[6] It is on the list of largest banks in the United States by assets; as of June 2021, it is the 10th largest bank with $509 billion in assets.[8][14] As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world with $2.27 billion in annual revenue

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