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Is Greenrose Acquisition Corp (GNRS) Stock About to Get Hot Wednesday?

Wednesday, January 20, 2021 10:59 AM | InvestorsObserver Analysts
Is Greenrose Acquisition Corp (GNRS) Stock About to Get Hot Wednesday?

Overall market sentiment has been down on Greenrose Acquisition Corp (GNRS) stock lately. GNRS receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Greenrose Acquisition Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GNRS!

What is Stock Sentiment?

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 GNRS Stock Today?

Greenrose Acquisition Corp (GNRS) stock is down -0.53% while the S&P 500 has gained 1.13% as of 10:55 AM on Wednesday, Jan 20. GNRS is lower by -$0.06 from the previous closing price of $10.47 on volume of 170,953 shares. Over the past year the S&P 500 has gained 29.28% while GNRS has gained 293.21%. GNRS earned $0.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1741.64.

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More About Greenrose Acquisition Corp

Greenrose Acquisition Corp is a blank check company.

Click Here to get the full Stock Score Report on Greenrose Acquisition Corp (GNRS) Stock.

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