Tortoise Acquisition Corp Class A (SHLL) stock has gained 61.26% over the past week and gets a Bullish rating from InvestorsObserver's 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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SHLL Stock Today?
Tortoise Acquisition Corp Class A (SHLL) stock is down -3.19% while the S&P 500 has risen 0.48% as of 3:11 PM on Wednesday, Jul 1. SHLL is down -$0.86 from the previous closing price of $27.00 on volume of 6,722,580 shares. Over the past year the S&P 500 has gained 11.71% while SHLL has risen 168.65%. SHLL earned $0.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 316.45.
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More About Tortoise Acquisition Corp Class A
Tortoise Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
