Fate Therapeutics Inc (FATE) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been neutral on Fate Therapeutics Inc (FATE) stock lately. FATE receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Fate Therapeutics Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on FATE!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 FATE Stock Today?

Fate Therapeutics Inc (FATE) stock is trading at $23.73 as of 4:00 PM on Tuesday, May 17, an increase of $1.09, or 4.81% from the previous closing price of $22.64. The stock has traded between $22.88 and $24.05 so far today. Volume today is light. So far 957,137 shares have traded compared to average volume of 1,417,572 shares.

More About Fate Therapeutics Inc

Fate Therapeutics Inc is a clinical-stage biopharmaceutical company based in the United States. It is engaged in the development of programmed cellular immunotherapies for cancer and immune disorders. The company's cell therapy pipeline is comprised of NK- and T-cell immuno-oncology programs, including off-the-shelf engineered product candidates derived from clonal master iPSC lines, and immuno-regulatory programs, including product candidates to prevent life-threatening complications in patients. Click Here to get the full Stock Report for Fate Therapeutics Inc stock.