Mustang Bio Inc (MBIO) stock is lower by 4.42% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 MBIO Stock Today?
Mustang Bio Inc (MBIO) stock is down -2.09% while the S&P 500 is higher by 1.02% as of 12:13 PM on Thursday, May 13. MBIO is lower by -$0.06 from the previous closing price of $2.87 on volume of 1,054,074 shares. Over the past year the S&P 500 is up 43.01% while MBIO is lower by -4.75%. MBIO lost -$1.14 per share in the over the last 12 months.
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More About Mustang Bio Inc
Mustang Bio Inc is a clinical-stage biopharmaceutical company focused on the acquisition, development, and commercialization of novel cancer immunotherapy products designed to utilize the power of the patient's own immune system to eliminate cancer cells. The products under development are - CD123, CD20, and CS1.
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