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.
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 MEIP Stock Today?
MEI Pharma Inc (MEIP) stock is lower by -4.18% while the S&P 500 has gained 0.17% as of 12:55 PM on Tuesday, Mar 26. MEIP has fallen -$0.16 from the previous closing price of $3.87 on volume of 22,363 shares. Over the past year the S&P 500 has risen 31.42% while MEIP has fallen -22.71%. MEIP earned $2.98 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.25.
To see InvestorsObserver's Sentiment Score for MEI Pharma Inc click here.
More About MEI Pharma Inc
MEI Pharma Inc is focused on the clinical development of novel therapies for cancer. The company's clinical drug candidate includes Pracinostat, an orally available histone deacetylase inhibitor for the treatment of patients with acute myeloid leukemia and myelodysplastic syndrome. Its clinical development portfolio also includes Zandelisib, an oral inhibitor of phosphatidylinositide 3-kinase delta for the treatment of patients with recurrent chronic lymphocytic leukemia or follicular non-Hodgkin's lymphoma; and ME-344, an isoflavone-based mitochondrial inhibitor for the treatment of HER2-negative breast cancer and Pracinostat, an oral histone deacetylase inhibitor. Geographically, all the business activities function through the region of the United States.
Click Here to get the full Stock Report for MEI Pharma Inc stock.
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