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.
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 OM Stock Today?
Outset Medical Inc (OM) stock is trading at $2.24 as of 3:06 PM on Thursday, Mar 28, a rise of $0.03, or 1.59% from the previous closing price of $2.20. The stock has traded between $2.19 and $2.36 so far today. Volume today is less active than usual. So far 311,341 shares have traded compared to average volume of 1,096,968 shares.
To see InvestorsObserver's Sentiment Score for Outset Medical Inc click here.
More About Outset Medical Inc
Outset Medical Inc is a medical technology company. It has developed a machine, Tablo, which reduces the cost and complexity of dialysis. Tablo provides Renal Replacement Therapy in Hospitals, Chronic Care in Dialysis Clinics and Home Dialysis.
Click Here to get the full Stock Report for Outset Medical Inc stock.
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