Is 8x8, Inc. (EGHT) Stock About to Get Hot Wednesday?

The market has been down on 8x8, Inc. (EGHT) stock recently. EGHT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

8x8, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EGHT!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 EGHT Stock Today?

8x8, Inc. (EGHT) stock is trading at $8.78 as of 9:51 AM on Wednesday, May 11, a gain of $1.04, or 13.44% from the previous closing price of $7.74. The stock has traded between $8.35 and $9.04 so far today. Volume today is light. So far 152,162 shares have traded compared to average volume of 1,580,930 shares. To see InvestorsObserver's Sentiment Score for 8x8, Inc. click here.

More About 8x8, Inc.

8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 1.8 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States. Click Here to get the full Stock Report for 8x8, Inc. stock.