The market has been high on Athenex Inc (ATNX) stock recently. ATNX gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 ATNX Stock Today?
Athenex Inc (ATNX) stock is lower by -4.47% while the S&P 500 has gained 0.29% as of 3:25 PM on Friday, Jan 8. ATNX is down -$0.54 from the previous closing price of $12.09 on volume of 591,672 shares. Over the past year the S&P 500 is higher by 17.27% while ATNX is down -27.13%. ATNX lost -$1.45 per share in the over the last 12 months.
To see the top 5 stocks in the Drug Manufacturers - Specialty & Generic industry click here.
More About Athenex Inc
Athenex Inc is a global biopharmaceutical company. It is dedicated to the discovery, development, and commercialization of novel therapies for the treatment of cancer. The company's operating segment includes the Oncology Innovation Platform; Global Supply Chain Platform and Commercial Platform. It generates maximum revenue from the Commercial Platform segment. Commercial Platform segment includes APD, which focuses on the manufacturing, distribution, and sales of specialty pharmaceuticals. Geographically, it derives a majority of revenue from the United States and also has a presence in Spain; Austria; India; China; the United Kingdom and Other foreign countries.
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