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 HITI Stock Today?
High Tide Inc (HITI) stock is trading at $1.26 as of 10:06 AM on Monday, Aug 14, a decline of -$0.04, or -3.12% from the previous closing price of $1.30. The stock has traded between $1.22 and $1.26 so far today. Volume today is low. So far 40,655 shares have traded compared to average volume of 154,382 shares.
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More About High Tide Inc
High Tide (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including bricks-and-mortar retail stores and e-commerce assets. The Company is the largest non-franchised cannabis retail chain in Canada, with locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. The Company is also Canada's first cannabis discount club retailer under the Canna Cabana banner. High Tide's portfolio also includes retail kiosks and smart locker technology - Fastendr(TM). High Tide has been serving consumers for over a decade through its established e-commerce platforms, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, blessedcbd.co.uk , blessedcbd.de, and Amazon United Kingdom, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide was featured in the Report on Business Magazine's ranking of Canada's Top Growing Companies in both 2021 and 2022 and was ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain while providing a complete customer experience and maximizing shareholder value.
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