How Will the Market React to Opko Health Inc. (OPK) Stock Getting a Bullish Rating

The market has been high on Opko Health Inc. (OPK) stock recently. OPK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Opko Health Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OPK!

See Full OPK Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 OPK Stock Today?

Opko Health Inc. (OPK) stock is trading at $2.50 as of 11:48 AM on Thursday, Aug 25, a loss of -$0.06, or -2.44% from the previous closing price of $2.56. The stock has traded between $2.47 and $2.59 so far today. Volume today is below average. So far 991,085 shares have traded compared to average volume of 3,186,020 shares. To screen for more stocks like Opko Health Inc. click here.

More About Opko Health Inc.

OPKO Health Inc is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. Opko's diagnostics business includes a core genetic testing operation. It has a development and commercial supply pharmaceutical company, as well as a global supply-chain operation and holding company in Ireland. Opko also owns a speciality active pharmaceutical ingredients manufacturer in Israel. The company's bio-reference testing business consists of routine testing and esoteric testing. Routine tests measure various health parameters, such as the functions of the heart, kidney, liver, thyroid, and other organs. Click Here to get the full Stock Report for Opko Health Inc. stock.