The market has been down on Clearside Biomedical Inc (CLSD) stock recently. CLSD gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CLSD Stock Today?
Clearside Biomedical Inc (CLSD) stock is down -5.67% while the S&P 500 is higher by 0.34% as of 2:30 PM on Monday, Oct 26. CLSD has fallen -$0.08 from the previous closing price of $1.41 on volume of 91,670 shares. Over the past year the S&P 500 has gained 14.01% while CLSD is higher by 37.11%. CLSD lost -$0.44 per share in the over the last 12 months.
More About Clearside Biomedical Inc
Clearside Biomedical Inc is the United States-based clinical biopharmaceutical company. It is engaged in developing pharmacological therapies to treat blinding disease of the eye. The product candidates of the company focus on a disease affecting the retina and aim to restore or improve visual function primarily by reducing the macular edema associated with several diseases affecting vision.