Do Traders Think Ascend Wellness Holdings Inc (AAWH) Can Turn Around Wednesday?

Overall market sentiment has been down on Ascend Wellness Holdings Inc (AAWH) stock lately. AAWH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Ascend Wellness Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AAWH!

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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 AAWH Stock Today?

Ascend Wellness Holdings Inc (AAWH) stock is up 5.29% while the S&P 500 is down -0.99% as of 11:47 AM on Wednesday, Oct 25. AAWH is higher by $0.04 from the previous closing price of $0.85 on volume of 210,183 shares. Over the past year the S&P 500 has gained 10.75% while AAWH is down -53.85%. AAWH lost -$0.26 per share in the over the last 12 months. To screen for more stocks like Ascend Wellness Holdings Inc click here.

More About Ascend Wellness Holdings Inc

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and to third-party licensed cannabis retail stores. Click Here to get the full Stock Report for Ascend Wellness Holdings Inc stock.