Takung Art Co Ltd (TKAT) stock has risen 2.13% over the past week and gets a Bearish rating from InvestorsObserver's 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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TKAT Stock Today?
Takung Art Co Ltd (TKAT) stock is up 12.28% while the S&P 500 has fallen -0.16% as of 3:17 PM on Friday, Jan 22. TKAT is up $0.21 from the previous closing price of $1.71 on volume of 165,828 shares. Over the past year the S&P 500 has risen 15.81% while TKAT is up 174.29%. TKAT lost -$0.18 per share in the over the last 12 months.
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More About Takung Art Co Ltd
Takung Art Co Ltd is a United States-based company that operates an online electronic platform for offering and trading artwork. The company through its platform allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. Its platform also invests in high-end and artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, and management fees. The company conducts its business primarily in Hong Kong and China.
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