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 CRLBF Stock Today?
Cresco Labs Inc (CRLBF) stock is trading at $1.49 as of 12:17 PM on Monday, Nov 13, an increase of $0.03, or 2.35% from the previous closing price of $1.46. The stock has traded between $1.36 and $1.51 so far today. Volume today is 530,787 compared to average volume of 635,991.
To screen for more stocks like Cresco Labs Inc click here.
More About Cresco Labs Inc
Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States. The company grows, manufactures, and distributes cannabis using a consumer-packaged-goods (CPG) approach. The firm sells its products through wholesale and Company-owned retail channels in numerous states.
Click Here to get the full Stock Report for Cresco Labs Inc stock.
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