Overall market sentiment has been down on Qutoutiao Inc - ADR (QTT) stock lately. QTT receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 QTT Stock Today?
Qutoutiao Inc - ADR (QTT) stock is trading at $2.38 as of 11:32 AM on Friday, Oct 16, an increase of $0.01, or 0.21% from the previous closing price of $2.37. Volume today is less active than usual. So far 509,331 shares have traded compared to average volume of 1,819,683 shares. The stock has traded between $2.36 and $2.45 so far today.
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More About Qutoutiao Inc - ADR
Qutoutiao Inc is a mobile content platform company in China. Its flagship mobile application is Qutoutiao aggregates articles and short videos from professional media and freelancers and presents customized feeds to users. It has also launched mobile literature application, Midu Novels, which offers users free literature supported by advertising. The mobile literature application, Midu Novels, primarily sources content from traditional PC-based online literature platforms which provide license to publish their literature content on Midu Novels for a fee and offers approximately 40,000 pieces of literature on Midu Novels. The company generates revenue primarily by providing advertising and marketing services.
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