The market has been down on Green Thumb Industries Inc (GTBIF) stock recently. GTBIF gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Green Thumb Industries Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GTBIF!
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.
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 GTBIF Stock Today?
Green Thumb Industries Inc (GTBIF) stock is trading at $8.79 as of 11:47 AM on Wednesday, Oct 25, a decline of -$0.41, or -4.46% from the previous closing price of $9.20. The stock has traded between $8.76 and $9.04 so far today. Volume today is below average. So far 144,674 shares have traded compared to average volume of 459,024 shares.
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More About Green Thumb Industries Inc
Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 75 cannabis stores under the chains Rise and Essence. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including Dr. Solomon's, Dogwalkers, and Beboe.
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