The market has been high on Aldeyra Therapeutics Inc (ALDX) stock recently. ALDX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Aldeyra Therapeutics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALDX!
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 ALDX Stock Today?
Aldeyra Therapeutics Inc (ALDX) stock is down -2.81% while the S&P 500 has gained 0.29% as of 10:10 AM on Monday, Nov 20. ALDX is lower by -$0.08 from the previous closing price of $2.85 on volume of 201,899 shares. Over the past year the S&P 500 has gained 14.61% while ALDX is lower by -46.32%. ALDX lost -$0.78 per share in the over the last 12 months.
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More About Aldeyra Therapeutics Inc
Aldeyra Therapeutics Inc is a biotechnology company engaged in developing and commercializing next-generation medicines to improve the lives of patients with immune-mediated diseases. The company's product candidate, reproxalap, is a first-in-class treatment in late-stage development for dry eye disease and allergic conjunctivitis. In addition, it also has additional product candidates in development for proliferative vitreoretinopathy, primary vitreoretinal lymphoma and other retinal diseases, autoimmune disease, and cancer.
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