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

Thursday, December 02, 2021 01:27 PM | InvestorsObserver Analysts
Is cbdMD Inc (YCBD) Stock About to Get Hot Thursday?

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

Sentiment Score - ,neutral
cbdMD Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on YCBD!

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. 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 has fallen -6.33% while the S&P 500 is up 1.59% as of 1:26 PM on Thursday, Dec 2. YCBD is down -$0.10 from the previous closing price of $1.58 on volume of 432,080 shares. Over the past year the S&P 500 has risen 25.18% while YCBD is down -46.57%. 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.

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