How Will the Market React to High Tide Inc (HITI) Stock Getting a Bullish Rating

High Tide Inc (HITI) stock is higher by 6.94% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

High Tide Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HITI!

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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 HITI Stock Today?

High Tide Inc (HITI) stock is trading at $2.31 as of 1:43 PM on Wednesday, May 18, a drop of -$0.37, or -13.73% from the previous closing price of $2.68. The stock has traded between $2.31 and $2.70 so far today. Volume today is 137,965 compared to average volume of 165,044.

More About High Tide Inc

High Tide Inc is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. High Tide's aim to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Click Here to get the full Stock Report for High Tide Inc stock.