Cresco Labs Inc (CRLBF) stock has gained 12.67% 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.
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 CRLBF Stock Today?
Cresco Labs Inc (CRLBF) stock is trading at $13.52 as of 11:45 AM on Monday, May 3, a rise of $0.52, or 3.96% from the previous closing price of $13.00. The stock has traded between $13.08 and $13.65 so far today. Volume today is below average. So far 597,950 shares have traded compared to average volume of 918,661 shares.
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More About Cresco Labs Inc
Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States. The company grows, manufactures, and distributes cannabis using a consumer-packaged-goods (CPG) approach. The firm sells its products through wholesale and Company-owned retail channels in numerous states.
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