Cannabis stock GNLN is in the clouds Tuesday, increasing 11.64%. Greenlane Holdings Inc (GNLN) stock is unmoved 0.00% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Greenlane Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GNLN!
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.
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 GNLN Stock Today?
Greenlane Holdings Inc (GNLN) stock is trading at $0.35 as of 3:02 PM on Tuesday, Mar 21, an increase of $0.04, or 11.64% from the previous closing price of $0.31. The stock has traded between $0.31 and $0.35 so far today. Volume today is low. So far 161,090 shares have traded compared to average volume of 435,491 shares.
To see InvestorsObserver's Sentiment Score for Greenlane Holdings Inc click here.
More About Greenlane Holdings Inc
Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States.
Click Here to get the full Stock Report for Greenlane Holdings Inc stock.
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