Overall market sentiment has been high on Crinetics Pharmaceuticals Inc (CRNX) stock lately. CRNX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Crinetics Pharmaceuticals Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CRNX!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 CRNX Stock Today?
Crinetics Pharmaceuticals Inc (CRNX) stock has fallen -0.9% while the S&P 500 has gained 0.37% as of 11:40 AM on Tuesday, Nov 28. CRNX is down -$0.28 from the previous closing price of $31.81 on volume of 97,587 shares. Over the past year the S&P 500 is higher by 15.22% while CRNX has gained 85.14%. CRNX lost -$3.64 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Crinetics Pharmaceuticals Inc click here.
