What is the Market's View on PetVivo Holdings Inc (PETV) Stock's Price and Volume Trends Tuesday?

Tuesday, August 16, 2022 02:01 PM | InvestorsObserver Analysts

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Overall market sentiment has been high on PetVivo Holdings Inc (PETV) stock lately. PETV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

PetVivo Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PETV!
See Full PETV Report

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 PETV Stock Today?

PetVivo Holdings Inc (PETV) stock is trading at $2.50 as of 1:53 PM on Tuesday, Aug 16, a rise of $0.17, or 7.31% from the previous closing price of $2.33. The stock has traded between $2.32 and $2.56 so far today. Volume today is above average. So far 36,564 shares have traded compared to average volume of 22,393 shares.

More About PetVivo Holdings Inc

PetVivo Holdings Inc is a US-based biomedical device company which focuses on the licensing and commercialization of medical devices and therapeutics for pets, based in Minneapolis, Minnesota. The company focuses on developing its lead product Kush Canine which is a veterinarian-administered joint injection for the treatment of osteoarthritis in dogs. The Kush Canine device is made from natural components that are lubricious and cushioning to perform like cartilage for the treatment of pain and inflammation associated with osteoarthritis. Click Here to get the full Stock Report for PetVivo Holdings Inc stock.

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