Investors Are Bullish On This Pot Stock: Should You Add GrowGeneration Corp (GRWG) Monday?

GrowGeneration Corp (GRWG) is a player in the cannabis industry that is higher by 15.87% Monday. Overall market sentiment has been high on GrowGeneration Corp (GRWG) stock lately. GRWG receives a Bullish rating from InvestorsObserver Stock 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!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $2.58 as of 11:07 AM on Monday, Mar 25, an increase of $0.35, or 15.87% from the previous closing price of $2.23. The stock has traded between $2.25 and $2.66 so far today. Volume today is above average. So far 2,756,207 shares have traded compared to average volume of 967,531 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.