How Will the Market React to VNET Group Inc - ADR (VNET) Stock Getting a Bearish Rating

VNET Group Inc - ADR (VNET) stock is lower by 7.28% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

VNET Group Inc - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VNET!

See Full VNET 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. 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 VNET Stock Today?

VNET Group Inc - ADR (VNET) stock is trading at $5.35 as of 10:46 AM on Thursday, May 26, an increase of $0.65, or 13.83% from the previous closing price of $4.70. The stock has traded between $4.66 and $5.48 so far today. Volume today is less active than usual. So far 655,277 shares have traded compared to average volume of 2,110,144 shares.

More About VNET Group Inc - ADR

Vnet started as AsiaCloud in 1999, subsequently it moved to the data center business with its first self-developed data center opening in 2010. The company listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to Vnet Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, Huawei Cloud and JD Cloud as customers. At the end of December 2021 it had 78,540 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. Click Here to get the full Stock Report for VNET Group Inc - ADR stock.