What is the Market's View on Skillz Inc (SKLZ) Stock's Price and Volume Trends Wednesday?

Wednesday, June 29, 2022 10:22 AM | InvestorsObserver Analysts

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Overall market sentiment has been down on Skillz Inc (SKLZ) stock lately. SKLZ receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Skillz Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SKLZ!
See Full SKLZ Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 SKLZ Stock Today?

Skillz Inc (SKLZ) stock is down -4.2% while the S&P 500 is up 0.26% as of 10:17 AM on Wednesday, Jun 29. SKLZ is lower by -$0.05 from the previous closing price of $1.31 on volume of 2,452,386 shares. Over the past year the S&P 500 is lower by -10.70% while SKLZ is lower by -94.26%. SKLZ lost -$0.69 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Skillz Inc click here.

More About Skillz Inc

Skillz Inc is a mobile game development company. Its platform helps developers build multi-million dollar franchises by enabling social competition in their games. Click Here to get the full Stock Report for Skillz Inc stock.

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