Overall market sentiment has been down on CareDx Inc (CDNA) stock lately. CDNA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
CareDx Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CDNA!
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.
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 CDNA Stock Today?
CareDx Inc (CDNA) stock is trading at $65.36 as of 11:42 AM on Tuesday, Sep 21, a rise of $1.55, or 2.43% from the previous closing price of $63.81. The stock has traded between $63.46 and $65.46 so far today. Volume today is light. So far 313,876 shares have traded compared to average volume of 494,012 shares.
To see InvestorsObserver's Sentiment Score for CareDx Inc click here.
More About CareDx Inc
CareDx Inc operates as a precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers. It offers testing services, products, and digital solutions along with the pre- and post-transplant patient journey, and is a leading provider of genomics-based information for transplant patients. Its primary operations are in Brisbane, California; Omaha, Nebraska; Fremantle, Australia and Stockholm, Sweden.
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