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Do Traders Think Shineco Inc (SISI) Can Turn Around Friday?

Friday, March 01, 2024 12:28 PM | InvestorsObserver Analysts

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Do Traders Think Shineco Inc (SISI) Can Turn Around Friday?

Shineco Inc (SISI) stock has fallen 11.02% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Shineco Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SISI!

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. 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 SISI Stock Today?

Shineco Inc (SISI) stock is down -4.55% while the S&P 500 has gained 0.56% as of 12:12 PM on Friday, Mar 1. SISI is lower by -$0.05 from the previous closing price of $1.10 on volume of 406,275 shares. Over the past year the S&P 500 has gained 29.70% while SISI is lower by -86.40%. SISI lost -$4.63 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Shineco Inc click here.

More About Shineco Inc

Shineco Inc through its subsidiaries produces, distributes, and sells health and well-being focused plant-based products under the Tenethealth and Tenet Bojian brands in China. It operates through two segments: developing, manufacturing, and distributing of specialized fabrics, textile products, and other by-products derived from an indigenous Chinese plant called Apocynum Venetum; and Processing and distributing of green and organic agricultural produce, as well as growing and cultivating of Chinese Yew trees (Agricultural products). Majority of the revenue for the group is derived through the sale of Agricultural products. Click Here to get the full Stock Report for Shineco Inc stock.

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