The market has been high on Acreage Holdings Inc (ACRHF) stock recently. ACRHF gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Acreage Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ACRHF!
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.
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 ACRHF Stock Today?
Acreage Holdings Inc (ACRHF) stock has fallen -0.98% while the S&P 500 is up 2.61% as of 3:33 PM on Wednesday, Nov 30. ACRHF has fallen -$0.01 from the previous closing price of $1.02 on volume of 61,190 shares. Over the past year the S&P 500 has fallen -12.77% while ACRHF has fallen -47.40%. ACRHF lost -$0.83 per share in the over the last 12 months.
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More About Acreage Holdings Inc
Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South.
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