Investors Are Bearish On This Cannabis Stock: Should You Add GrowGeneration Corp (GRWG) Thursday?

GRWG, a player in the cannabis market, is lower by 2.52% Thursday as it underperforms the market as a whole. Overall market sentiment has been down on GrowGeneration Corp (GRWG) stock lately. GRWG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

GrowGeneration Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GRWG!

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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 GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $3.53 as of 2:45 PM on Thursday, Oct 6, a decline of -$0.09, or -2.52% from the previous closing price of $3.62. The stock has traded between $3.52 and $3.78 so far today. Volume today is less active than usual. So far 498,741 shares have traded compared to average volume of 835,407 shares.

More About GrowGeneration Corp

GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. Click Here to get the full Stock Report for GrowGeneration Corp stock.