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Cannabis Stock Alert: Medmen Enterprises Inc (MMNFF) Drops 2.89% Monday

Monday, October 18, 2021 02:33 PM | InvestorsObserver Analysts

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Cannabis Stock Alert: Medmen Enterprises Inc (MMNFF) Drops 2.89% Monday

Cannabis stock Medmen Enterprises Inc is lower by 2.89% Monday. Medmen Enterprises Inc (MMNFF) stock has fallen 7.14% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Medmen Enterprises Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MMNFF!

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 MMNFF Stock Today?

Medmen Enterprises Inc (MMNFF) stock is trading at $0.26 as of 2:16 PM on Monday, Oct 18, a loss of -$0.01, or -2.89% from the previous closing price of $0.26. The stock has traded between $0.25 and $0.27 so far today. Volume today is 1,833,506 compared to average volume of 2,353,972. To see InvestorsObserver's Sentiment Score for Medmen Enterprises Inc click here.

More About Medmen Enterprises Inc

MedMen Enterprises Inc formerly known as Ladera Ventures Corp is the preeminent cannabis company with multiple assets and operations in California, Nevada, and New York, which combined account for nearly half of North America's addressable legal market. The company owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail. Click Here to get the full Stock Report for Medmen Enterprises Inc stock.

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