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Is it Time to Dump Alphatec Holdings Inc (ATEC) Stock After it Is Up 3.39% in a Week?

Friday, January 20, 2023 01:32 PM | InvestorsObserver Analysts

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Is it Time to Dump Alphatec Holdings Inc (ATEC) Stock After it Is Up 3.39% in a Week?

Alphatec Holdings Inc (ATEC) stock has risen 3.39% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Alphatec Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ATEC!

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. 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 ATEC Stock Today?

Alphatec Holdings Inc (ATEC) stock is down -2.42% while the S&P 500 has risen 0.83% as of 1:30 PM on Friday, Jan 20. ATEC has fallen -$0.32 from the previous closing price of $13.45 on volume of 409,845 shares. Over the past year the S&P 500 has fallen -13.27% while ATEC has risen 16.62%. ATEC lost -$1.55 per share in the over the last 12 months.

More About Alphatec Holdings Inc

Alphatec Holdings Inc is a medical technology company focused on the design, development, and advancement of products for the surgical treatment of spinal disorders associated with disease and degeneration, congenital deformities, and trauma. The firm's spine approach technologies include Posterior Cervical Fusion, Anterior Cervical Discectomy and Fusion, Lateral Interbody Fusion, and Posterior Lumbar Interbody Fusion among others. Click Here to get the full Stock Report for Alphatec Holdings Inc stock.

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