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How Will the Market React to VIVO Cannabis Inc (VVCIF) Stock Getting a Bearish Rating

Monday, August 02, 2021 10:58 AM | InvestorsObserver Analysts
How Will the Market React to VIVO Cannabis Inc (VVCIF) Stock Getting a Bearish Rating

Overall market sentiment has been down on VIVO Cannabis Inc (VVCIF) stock lately. VVCIF receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
VIVO Cannabis Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VVCIF!

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. 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 VVCIF Stock Today?

VIVO Cannabis Inc (VVCIF) stock is trading at $0.10 as of 9:52 AM on Monday, Aug 2, a gain of $0.01, or 9.05% from the previous closing price of $0.09. The stock has traded between $0.10 and $0.11 so far today. Volume today is light. So far 34,364 shares have traded compared to average volume of 103,748 shares.

More About VIVO Cannabis Inc

VIVO Cannabis Inc is a Canada-based company. It is involved in the production and sale of medical and recreational cannabis and the provision of cannabis related medical information and services in Canada. The company's operating segment includes Cannabis; Patient Clinics and Corporate. It generates maximum revenue from the Cannabis segment. The company has a presence across three geographical locations - Canada, Germany, and Australia. Click Here to get the full Stock Report for VIVO Cannabis Inc stock.

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