The market has been high on Luokung Technology Corp (LKCO) stock recently. LKCO gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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 LKCO Stock Today?
Luokung Technology Corp (LKCO) stock is up 18.36% while the S&P 500 is down -0.12% as of 9:58 AM on Monday, Jun 14. LKCO has risen $0.33 from the previous closing price of $1.77 on volume of 12,326,484 shares. Over the past year the S&P 500 has gained 38.34% while LKCO has risen 213.43%. LKCO lost -$0.19 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Luokung Technology Corp click here.
More About Luokung Technology Corp
Luokung Technology Corp is a mobile service and technology provider for long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service (LBS) social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific; and social services.
Click Here to get the full Stock Score Report on Luokung Technology Corp (LKCO) Stock.
