GrowGeneration Corp (GRWG) is a player in the cannabis industry that is higher by 1.67% Thursday. Overall market sentiment has been down on GrowGeneration Corp (GRWG) stock lately. GRWG receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GRWG Stock Today?
GrowGeneration Corp (GRWG) stock is trading at $37.17 as of 10:50 AM on Thursday, May 13, a gain of $0.61, or 1.67% from the previous closing price of $36.57. The stock has traded between $35.75 and $38.90 so far today. Volume today is light. So far 1,077,210 shares have traded compared to average volume of 1,610,421 shares.
To see InvestorsObserver's Sentiment Score for GrowGeneration Corp click here.
More About GrowGeneration Corp
GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening.
Click Here to get the full Stock Score Report on GrowGeneration Corp (GRWG) Stock.