GRWG, a player in the cannabis market, is higher by 1.64% Wednesday as it underperforms the market as a whole. GrowGeneration Corp (GRWG) stock has risen 4.84% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
GrowGeneration Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GRWG!
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With GRWG Stock Today?
GrowGeneration Corp (GRWG) stock is trading at $8.67 as of 2:32 PM on Wednesday, Mar 9, an increase of $0.14, or 1.64% from the previous closing price of $8.53. The stock has traded between $8.49 and $8.93 so far today. Volume today is low. So far 1,204,398 shares have traded compared to average volume of 2,111,414 shares.
To see InvestorsObserver's Sentiment Score for GrowGeneration Corp click here.
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.
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