Cannabis Stock Alert: GrowGeneration Corp (GRWG) Drops 2.27% Wednesday

GRWG, a player in the cannabis market, is lower by 2.27% Wednesday as it underperforms the market as a whole. Overall market sentiment has been neutral on GrowGeneration Corp (GRWG) stock lately. GRWG receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

GrowGeneration Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on GRWG!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is lower by -2.27% while the S&P 500 is up 0.08% as of 2:03 PM on Wednesday, Jan 12. GRWG is down -$0.26 from the previous closing price of $11.47 on volume of 959,256 shares. Over the past year the S&P 500 is up 24.15% while GRWG is down -78.26%. GRWG lost $0.31 per share in the over the last 12 months.

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 Report for GrowGeneration Corp stock.