Do Traders View Casper Sleep Inc (CSPR) Stock's Current Trend Positively?

Thursday, September 24, 2020 2:18 PM | InvestorsObserver Analysts

The market has been down on Casper Sleep Inc (CSPR) stock recently. CSPR gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

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

What is Stock Sentiment?

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.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CSPR Stock Today?

Casper Sleep Inc (CSPR) stock is trading at $6.68 as of 2:15 PM on Thursday, Sep 24, a loss of -$0.29, or -4.16% from the previous closing price of $6.97. The stock has traded between $6.28 and $6.99 so far today. Volume today is 611,937 compared to average volume of 521,422.

To see InvestorsObserver's Sentiment Score for Casper Sleep Inc click here.

More About Casper Sleep Inc

Casper Sleep Inc is a provider of sleep products to consumers through various sales channels. The company operates in one segment within the United States, Canada and Europe. It distributes products through an e-commerce platform, plus more than fifty Casper retail stores.

Click Here to get the full Stock Score Report on Casper Sleep Inc (CSPR) Stock.

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