Friday, July 30, 2021 03:44 PM | InvestorsObserver Analysts
Mentioned in this article
Icanic Brands Company Inc is a player in the cannabis industry that is lower by 3.97% Friday. Icanic Brands Company Inc (ICNAF) stock is down 8.00% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Icanic Brands Company Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ICNAF!
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.
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 ICNAF Stock Today?
Icanic Brands Company Inc (ICNAF) stock is trading at $0.23 as of 2:36 PM on Friday, Jul 30, a decline of -$0.01, or -3.97% from the previous closing price of $0.23. The stock has traded between $0.22 and $0.23 so far today. Volume today is less active than usual. So far 79,588 shares have traded compared to average volume of 159,984 shares.
More About Icanic Brands Company Inc
Icanic Brands Co Inc is a wellness company focused on the development, manufacturing, marketing, and distribution of botanically-based consumable products. It offers an optimal oral spray delivery system under the brand name GanjaGold and Taylor's. The company has one reportable business segment being the cannabis sector. Geographically, it derives a majority of revenue from the United States.
Click Here to get the full Stock Report for Icanic Brands Company Inc stock.
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