The market has been high on Cerence Inc (CRNC) stock recently. CRNC gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 CRNC Stock Today?
Cerence Inc (CRNC) stock is trading at $61.31 as of 11:37 AM on Wednesday, Sep 16, a rise of $3.40, or 5.87% from the previous closing price of $57.91. The stock has traded between $56.81 and $61.76 so far today. Volume today is below average. So far 444,627 shares have traded compared to average volume of 755,516 shares.
To see the top 5 stocks in the Software - Application industry click here.
More About Cerence Inc
Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all major automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services.
Click Here to get the full Stock Score Report on Cerence Inc (CRNC) Stock.
