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Cannabis Stock Rising With Bearish Sentiment Friday: Should You Add GrowGeneration Corp (GRWG) To Your Portfolio?

Friday, March 31, 2023 03:03 PM | InvestorsObserver Analysts

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Cannabis Stock Rising With Bearish Sentiment Friday: Should You Add GrowGeneration Corp (GRWG) To Your Portfolio?

GrowGeneration Corp (GRWG) stock is higher by 4.94% Friday as the cannabis stock increases $0.16 and outperforms the market. The market has been down on GrowGeneration Corp (GRWG) stock recently. GRWG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
GrowGeneration Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GRWG!

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $3.40 as of 2:47 PM on Friday, Mar 31, a rise of $0.16, or 4.94% from the previous closing price of $3.24. The stock has traded between $3.25 and $3.43 so far today. Volume today is low. So far 443,932 shares have traded compared to average volume of 1,008,957 shares. To see InvestorsObserver's Sentiment Score for GrowGeneration Corp click here.

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. The Company has three reportable segments, including retail operations, e-commerce, and distribution and other. Click Here to get the full Stock Report for GrowGeneration Corp stock.

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