Overall market sentiment has been high on Olaplex Holdings Inc (OLPX) stock lately. OLPX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Olaplex Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OLPX!
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.
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 OLPX Stock Today?
Olaplex Holdings Inc (OLPX) stock is trading at $2.48 as of 10:06 AM on Friday, Dec 1, an increase of $0.30, or 13.76% from the previous closing price of $2.18. The stock has traded between $2.33 and $2.56 so far today. Volume today is less active than usual. So far 1,557,004 shares have traded compared to average volume of 2,835,159 shares.
More About Olaplex Holdings Inc
Olaplex Holdings Inc is a science-enabled, technology-driven beauty company. It offers science-backed solutions that improve hair health. It identifies consumers' most relevant haircare concerns in collaboration with the community of professional hairstylists and consumers and strives to address them through its proprietary technology and innovation capabilities. It offers products through a global omnichannel platform serving the professional, specialty retail, and DTC channels. The company derives its revenue through the sale of its specialty hair care products.
Click Here to get the full Stock Report for Olaplex Holdings Inc stock.
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