The market has been down on Innodata Inc (INOD) stock recently. INOD gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 INOD Stock Today?
Innodata Inc (INOD) stock is trading at $5.50 as of 1:44 PM on Friday, Jan 15, a loss of -$0.56, or -9.17% from the previous closing price of $6.05. The stock has traded between $5.43 and $6.00 so far today. Volume today is above average. So far 332,986 shares have traded compared to average volume of 260,866 shares.
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More About Innodata Inc
Innodata Inc is a digital services and solutions company. It provides technology and services to information products and online retail destinations. The company has three operating segments: Digital data solutions (DDS), Synodex, and Agility. It serves to publishers, media and information companies, digital retailers, banks, insurance companies, government agencies, and other industries. Geographically, it operates in the United States, United Kingdom, Netherlands, Canada, and Europe.
Click Here to get the full Stock Score Report on Innodata Inc (INOD) Stock.
