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Is Geron Corp (GERN) a Stock to Watch After Gaining 23.08% This Week?

Monday, February 12, 2024 01:08 PM | InvestorsObserver Analysts

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Is Geron Corp (GERN) a Stock to Watch After Gaining 23.08% This Week?

Overall market sentiment has been high on Geron Corp (GERN) stock lately. GERN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Geron Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GERN!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GERN Stock Today?

Geron Corp (GERN) stock is trading at $2.24 as of 1:06 PM on Monday, Feb 12, an increase of $0.13, or 5.92% from the previous closing price of $2.11. The stock has traded between $2.10 and $2.26 so far today. Volume today is 5,970,202 compared to average volume of 6,160,278. To see InvestorsObserver's Sentiment Score for Geron Corp click here.

More About Geron Corp

Geron Corp is a clinical-stage biopharmaceutical company focused on the research and development of cancer treatments. The company's leading drug in development, Imelstat, is being tested for the treatment of myelodysplastic syndromes, which are disorders of the blood, and myelofibrosis, which is a rare blood cancer affecting bone marrow. The company earns revenue through collaboration agreements, milestones, royalties, and licensing arrangements. Geron possesses global rights to this drug. Click Here to get the full Stock Report for Geron Corp stock.

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