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.
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 HLTH Stock Today?
Cue Health Inc (HLTH) stock is up 17.7% while the S&P 500 has fallen -0.15% as of 1:42 PM on Tuesday, Sep 12. HLTH is up $0.10 from the previous closing price of $0.58 on volume of 0 shares. Over the past year the S&P 500 has gained 9.01% while HLTH has fallen -81.40%. HLTH lost -$1.83 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Cue Health Inc click here.
