Overall market sentiment has been high on Cronos Group Inc (CRON) stock lately. CRON receives a Bullish rating from InvestorsObserver's Stock 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 CRON Stock Today?
Cronos Group Inc (CRON) stock is trading at $11.38 as of 11:47 AM on Thursday, Jan 14, an increase of $0.68, or 6.31% from the previous closing price of $10.70. The stock has traded between $10.90 and $11.62 so far today. Volume today is 5,379,500 compared to average volume of 5,138,285.
To see the top 5 stocks in the Drug Manufacturers - Specialty & Generic industry click here.
More About Cronos Group Inc
Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany.
Click Here to get the full Stock Score Report on Cronos Group Inc (CRON) Stock.
