Do Traders Think Innoviva Inc (INVA) Can Keep Climbing Wednesday?

Innoviva Inc (INVA) stock is higher by 1.41% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Innoviva Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on INVA!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 INVA Stock Today?

Innoviva Inc (INVA) stock is up 0.08% while the S&P 500 has fallen -0.31% as of 2:19 PM on Wednesday, Oct 5. INVA has gained $0.01 from the previous closing price of $12.23 on volume of 316,240 shares. Over the past year the S&P 500 is lower by -12.12% while INVA has fallen -29.00%. INVA earned $1.29 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.52.

More About Innoviva Inc

Innoviva Inc develops biopharmaceutical drugs in the antibiotic, respiratory, and digestive realms. Theravance's respiratory compounds are in late-stage trials for asthma and chronic obstructive pulmonary disease. Its product offering includes Relvar/Breo/Ellipta, Anoro, Ellipta, Trelegy, Ellipta and others. The firm collaborates with and receives funding from GlaxoSmithKline. Click Here to get the full Stock Report for Innoviva Inc stock.