The market has been high on Takeda Pharmaceutical Co Ltd (TAK) stock recently. TAK 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.
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 TAK Stock Today?
Takeda Pharmaceutical Co Ltd (TAK) stock is trading at $18.16 as of 3:07 PM on Tuesday, Sep 29, a drop of -$0.83, or -4.37% from the previous closing price of $18.99. The stock has traded between $18.03 and $18.45 so far today. Volume today is 1,270,465 compared to average volume of 1,072,917.
More About Takeda Pharmaceutical Co Ltd
Takeda Pharmaceutical Co Ltd is Japan's largest pharmaceutical company, with revenue of JPY 3.3 trillion in 2019. The company's five core therapeutic areas are oncology, gastroenterology, neuroscience, rare diseases, and plasma-derived therapies, which account for more than 70% of revenue. Its geographic footprint is well diversified, with 50% derived from the U.S., 20% from Japan, 20% from Europe and Canada.