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Do Traders Think Upwork Inc (UPWK) Can Turn Around Friday?

Friday, January 21, 2022 01:50 PM | InvestorsObserver Analysts
Do Traders Think Upwork Inc (UPWK) Can Turn Around Friday?

The market has been down on Upwork Inc (UPWK) stock recently. UPWK gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

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. 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 UPWK Stock Today?

Upwork Inc (UPWK) stock is trading at $25.81 as of 1:42 PM on Friday, Jan 21, a drop of -$0.07, or -0.29% from the previous closing price of $25.88. Volume today is less active than usual. So far 1,149,379 shares have traded compared to average volume of 1,639,279 shares. The stock has traded between $24.72 and $26.22 so far today. To screen for more stocks like Upwork Inc click here.

More About Upwork Inc

Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals. The develops platform for hiring and freelancing purpose. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. Click Here to get the full Stock Report for Upwork Inc stock.

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