How Will the Market React to GT Biopharma Inc (GTBP) Stock Getting a Bearish Rating

Thursday, November 09, 2023 12:08 PM | InvestorsObserver Analysts

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How Will the Market React to GT Biopharma Inc (GTBP) Stock Getting a Bearish Rating

Overall market sentiment has been down on GT Biopharma Inc (GTBP) stock lately. GTBP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

GT Biopharma Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GTBP!

See Full GTBP Report

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. 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 GTBP Stock Today?

GT Biopharma Inc (GTBP) stock has fallen -3.68% while the S&P 500 has risen 0.1% as of 11:57 AM on Thursday, Nov 9. GTBP has fallen -$0.01 from the previous closing price of $0.26 on volume of 40,539 shares. Over the past year the S&P 500 has risen 14.61% while GTBP has fallen -88.21%. GTBP lost -$0.29 per share in the over the last 12 months.

More About GT Biopharma Inc

GT Biopharma Inc is an immuno-oncology company operating in the United States. It is engaged in discovering, developing and commercializing novel therapeutics from its proprietary product platform in a varied range of disease areas. The company mainly develops drugs focused on the treatment of cancer. Its key drug candidates are OXS-2175, targeting the treatment of triple-negative breast cancer; OXS-4235, targets the treatment of multiple myeloma and associated osteolytic lesions; and OXS-1550, targets cancer cells expressing the CD19 receptor and CD22 receptor. Its TriKE and TetraKE platforms offer immuno-oncology products that can treat a range of hematologic malignancies, sarcoma, and solid tumors. Click Here to get the full Stock Report for GT Biopharma Inc stock.