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Do Traders Think JOYY Inc (YY) Can Turn Around Thursday?

Thursday, July 29, 2021 11:11 AM | InvestorsObserver Analysts
Do Traders Think JOYY Inc (YY) Can Turn Around Thursday?

Overall market sentiment has been down on JOYY Inc (YY) stock lately. YY receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
JOYY Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on YY!

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With YY Stock Today?

JOYY Inc (YY) stock has fallen -1.45% while the S&P 500 has gained 0.63% as of 11:11 AM on Thursday, Jul 29. YY is lower by -$0.81 from the previous closing price of $55.91 on volume of 325,395 shares. Over the past year the S&P 500 is higher by 37.59% while YY is lower by -26.09%. YY earned $16.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.43. To see InvestorsObserver's Sentiment Score for JOYY Inc click here.

More About JOYY Inc

JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo Live, Huya, Likee, imo, and Hago. The company offers Live streaming platforms, Short-form video platforms, and other products. The company reports in two segments Bigo and All other. It has a presence in China; Developed countries; Middle East and Southeast Asia and others. Click Here to get the full Stock Report for JOYY Inc stock.

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