Is cbdMD Inc (YCBD) Stock About to Get Hot Monday?

Overall market sentiment has been down on cbdMD Inc (YCBD) stock lately. YCBD receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

cbdMD Inc has a Bearish 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. 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 YCBD Stock Today?

cbdMD Inc (YCBD) stock is trading at $0.90 as of 10:54 AM on Monday, Mar 25, a drop of -$0.01, or -1.2% from the previous closing price of $0.91. The stock has traded between $0.85 and $0.95 so far today. Volume today is 279,062 compared to average volume of 334,383. To screen for more stocks like 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.