Do Traders Think Newegg Commerce Inc (NEGG) Can Keep Climbing Friday?

Newegg Commerce Inc (NEGG) stock has risen 5.85% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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. 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 NEGG Stock Today?

Newegg Commerce Inc (NEGG) stock is trading at $3.62 as of 1:23 PM on Friday, Aug 5, a decline of -$0.36, or -9.17% from the previous closing price of $3.98. The stock has traded between $3.58 and $3.95 so far today. Volume today is 596,348 compared to average volume of 497,396.

More About Newegg Commerce Inc

Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally. Click Here to get the full Stock Report for Newegg Commerce Inc stock.