Is cbdMD Inc (YCBD) a Stock to Watch After Gaining 11.06% This Week?

The market has been high on cbdMD Inc (YCBD) stock recently. YCBD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

cbdMD Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on YCBD!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With YCBD Stock Today?

cbdMD Inc (YCBD) stock is up 0.42% while the S&P 500 is lower by -0.16% as of 1:50 PM on Tuesday, Sep 7. YCBD is higher by $0.01 from the previous closing price of $2.40 on volume of 99,343 shares. Over the past year the S&P 500 has risen 35.91% while YCBD is higher by 1.26%. YCBD lost -$0.53 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for cbdMD Inc click here.

More About cbdMD Inc

cbdMD Inc is a United States based company. It owns and operates the consumer hemp-based cannabidiol (CBD) brand, cbdMD. The company's product categories include CBD tinctures, CBD gummies, CBD topicals, CBD bath bombs, CBD oils, and CBD pet products. The firm distributes its products through an e-commerce website, wholesalers and a variety of brick and mortar retailers. Click Here to get the full Stock Report for cbdMD Inc stock.