Cango Inc - ADR (CANG) stock is higher by 38.62% 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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With CANG Stock Today?
Cango Inc - ADR (CANG) stock is trading at $8.83 as of 3:10 PM on Monday, Nov 23, an increase of $1.83, or 26.14% from the previous closing price of $7.00. The stock has traded between $7.14 and $9.25 so far today. Volume today is high. So far 199,757 shares have traded compared to average volume of 25,030 shares.
To see InvestorsObserver's Sentiment Score for Cango Inc - ADR click here.
More About Cango Inc - ADR
Cango Inc is one of the leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services primarily consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.
Click Here to get the full Stock Score Report on Cango Inc - ADR (CANG) Stock.
