How Will the Market React to Flora Growth Corp (FLGC) Stock Getting a Bearish Rating

The market has been down on Flora Growth Corp (FLGC) stock recently. FLGC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Flora Growth Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FLGC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With FLGC Stock Today?

Flora Growth Corp (FLGC) stock is trading at $1.17 as of 2:08 PM on Monday, Sep 25, a rise of $0.07, or 6.3% from the previous closing price of $1.10. The stock has traded between $1.11 and $1.39 so far today. Volume today is above average. So far 421,700 shares have traded compared to average volume of 244,596 shares.

More About Flora Growth Corp

Flora Growth Corp is a vertically integrated cannabis company. It is focused on becoming the largest producer of low-cost naturally grown medicinal-grade cannabis oils, CBD-infused foods and beverages, and pharmaceutical-grade medical and cosmetic-grade derivatives from the cannabis plant. It prioritizes organic ingredients and value-chain sustainability across its portfolio to create products that help consumers restore and thrive. Click Here to get the full Stock Report for Flora Growth Corp stock.