Do Traders Think cbdMD Inc (YCBD) Can Keep Climbing Thursday?

cbdMD Inc (YCBD) stock is up 1.85% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

cbdMD Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on YCBD!

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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 YCBD Stock Today?

cbdMD Inc (YCBD) stock has risen 2.8% while the S&P 500 has fallen -0.28% as of 3:25 PM on Thursday, Jan 20. YCBD is up $0.03 from the previous closing price of $1.07 on volume of 97,551 shares. Over the past year the S&P 500 is up 18.98% while YCBD has fallen -70.67%. YCBD lost -$0.47 per share in the over the last 12 months. To screen for more stocks like cbdMD Inc click here.

More About cbdMD Inc

cbdMD Inc is a United States based company. It owns and operates the consumer hemp-based cannabidiol (CBD) brand, cbdMD. The company's product categories include CBD tinctures, CBD gummies, CBD topicals, CBD bath bombs, CBD oils, and CBD pet products. The firm distributes its products through an e-commerce website, wholesalers and a variety of brick and mortar retailers. Click Here to get the full Stock Report for cbdMD Inc stock.