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Is it Time to Dump Open Lending Corp (LPRO) Stock After it Is Higher By 7.94% in a Week?

Thursday, April 01, 2021 11:37 AM | InvestorsObserver Analysts

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Is it Time to Dump Open Lending Corp (LPRO) Stock After it Is Higher By 7.94% in a Week?

Overall market sentiment has been down on Open Lending Corp (LPRO) stock lately. LPRO receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Open Lending Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LPRO!

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.

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 LPRO Stock Today?

Open Lending Corp (LPRO) stock is trading at $38.90 as of 11:36 AM on Thursday, Apr 1, 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. Volume today is high. So far 3,013,732 shares have traded compared to average volume of 1,038,994 shares.

To screen for more stocks like Open Lending Corp click here.

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 Lenders Protection Program ("LPP"), enables automotive lenders to make loans that are largely insured against losses from defaults.

Click Here to get the full Stock Score Report on Open Lending Corp (LPRO) Stock.

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