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Bimi International Medical Inc (BIMI) Stock: What Does the Chart Say Monday?

Monday, November 29, 2021 10:12 AM | InvestorsObserver Analysts

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Bimi International Medical Inc (BIMI) Stock: What Does the Chart Say Monday?

Bimi International Medical Inc (BIMI) stock is lower by 7.95% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Bimi International Medical Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BIMI!

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 BIMI Stock Today?

Bimi International Medical Inc (BIMI) stock has fallen -11.02% while the S&P 500 has gained 1.07% as of 10:09 AM on Monday, Nov 29. BIMI is down -$0.10 from the previous closing price of $0.91 on volume of 2,224,776 shares. Over the past year the S&P 500 is higher by 28.23% while BIMI is down -57.37%. BIMI lost -$0.47 per share in the over the last 12 months.

More About Bimi International Medical Inc

BIMI International Medical Inc is a healthcare products and provider, offering a broad range of healthcare products and related services and operates two private hospitals in China. Click Here to get the full Stock Report for Bimi International Medical Inc stock.

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