Overall market sentiment has been high on Takeda Pharmaceutical Co Ltd (TAK) stock lately. TAK receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Takeda Pharmaceutical Co Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TAK!
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.
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 TAK Stock Today?
Takeda Pharmaceutical Co Ltd (TAK) stock is trading at $13.80 as of 11:16 AM on Wednesday, Dec 8, a loss of -$0.06, or -0.43% from the previous closing price of $13.86. The stock has traded between $13.62 and $13.81 so far today. Volume today is below average. So far 595,016 shares have traded compared to average volume of 2,548,874 shares.
To see InvestorsObserver's Sentiment Score for Takeda Pharmaceutical Co Ltd click here.
More About Takeda Pharmaceutical Co Ltd
Takeda Pharmaceutical Co Ltd is Japan's largest pharmaceutical company, with revenue of JPY 3.3 trillion in 2019. The company's five core therapeutic areas are oncology, gastroenterology, neuroscience, rare diseases, and plasma-derived therapies, which account for more than 70% of revenue. Its geographic footprint is well diversified, with 50% derived from the U.S., 20% from Japan, 20% from Europe and Canada.
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