The market has been high on Cassava Sciences Inc (SAVA) stock recently. SAVA gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 SAVA Stock Today?
Cassava Sciences Inc (SAVA) stock is lower by -9.61% while the S&P 500 has gained 0.11% as of 2:26 PM on Thursday, Jan 14. SAVA is lower by -$1.10 from the previous closing price of $11.45 on volume of 4,730,599 shares. Over the past year the S&P 500 is up 16.17% while SAVA has gained 37.63%. SAVA lost -$0.23 per share in the over the last 12 months.
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More About Cassava Sciences Inc
Cassava Sciences Inc is a clinical-stage biotechnology company engaged in developing a scientific approach for the treatment and detection of Alzheimer's disease. It is also developing an experimental biomarker diagnostic PTI-125 to detect Alzheimer's disease with the help of a blood test.
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