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Is Cronos Group Inc (CRON) a Stock to Watch This Week?

Monday, August 03, 2020 03:19 PM | InvestorsObserver Analysts

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Is Cronos Group Inc (CRON) a Stock to Watch This Week?

Cronos Group Inc (CRON) stock has gained 4.41% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.

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

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.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CRON Stock Today?

Cronos Group Inc (CRON) stock is trading at $6.87 as of 3:10 PM on Monday, Aug 3, a rise of $0.32, or 4.86% from the previous closing price of $6.55. The stock has traded between $6.58 and $6.89 so far today. Volume today is light. So far 2,454,647 shares have traded compared to average volume of 3,860,275 shares.

To see the top 5 stocks in the Drug Manufacturers - Specialty & Generic industry click here.

More About Cronos Group Inc

Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany.

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