How Will the Market React to Ascend Wellness Holdings Inc (AAWH) Stock Getting a Bearish Rating

Overall market sentiment has been down on Ascend Wellness Holdings Inc (AAWH) stock lately. AAWH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Ascend Wellness Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AAWH!

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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 AAWH Stock Today?

Ascend Wellness Holdings Inc (AAWH) stock is trading at $0.92 as of 11:06 AM on Tuesday, Oct 3, a drop of -$0.05, or -4.73% from the previous closing price of $0.96. The stock has traded between $0.87 and $0.95 so far today. Volume today is light. So far 134,826 shares have traded compared to average volume of 255,447 shares. To see InvestorsObserver's Sentiment Score for Ascend Wellness Holdings Inc click here.

More About Ascend Wellness Holdings Inc

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and to third-party licensed cannabis retail stores. Click Here to get the full Stock Report for Ascend Wellness Holdings Inc stock.