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Is Aptose Biosciences Inc (APTO) a Stock to Watch After Losing -18.09% This Week?

Tuesday, August 01, 2023 01:39 PM | InvestorsObserver Analysts

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Is Aptose Biosciences Inc (APTO) a Stock to Watch After Losing -18.09% This Week?

The market has been down on Aptose Biosciences Inc (APTO) stock recently. APTO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Aptose Biosciences Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on APTO!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 APTO Stock Today?

Aptose Biosciences Inc (APTO) stock is higher by 8.06% while the S&P 500 is down -0.33% as of 1:33 PM on Tuesday, Aug 1. APTO has risen $0.25 from the previous closing price of $3.10 on volume of 51,344 shares. Over the past year the S&P 500 is up 11.05% while APTO is down -69.43%. APTO lost -$0.48 per share in the over the last 12 months. To screen for more stocks like Aptose Biosciences Inc click here.

More About Aptose Biosciences Inc

Aptose Biosciences Inc is a clinical-stage biotechnology company committed to discovering and developing personalized therapies addressing unmet medical needs in oncology. The company has two clinical-stage programs and a second program that is discovery-stage and partnered with another company. Luxeptinib, its panFMS-like tyrosine kinase 3 / pan-Bruton's tyrosine kinase inhibitor, is enrolling patients in a Phase 1, multicenter, open label, dose-escalation study with expansions to assess the safety, tolerability, PK, and preliminary efficacy of CG-806 in patients with chronic lymphocytic leukemia (CLL/SLL) or non-Hodgkin lymphomas (NHL). HM43239 is an oral potent myeloid kinome inhibitor, targeting a constellation of kinases operative in myeloid malignancies. Click Here to get the full Stock Report for Aptose Biosciences Inc stock.

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