The market has been down on C21 Investments Inc (CXXIF) stock recently. CXXIF gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
C21 Investments Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CXXIF!
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.
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 CXXIF Stock Today?
C21 Investments Inc (CXXIF) stock is trading at $0.53 as of 2:26 PM on Wednesday, Dec 1, a loss of -$0.01, or -1.66% from the previous closing price of $0.54. The stock has traded between $0.53 and $0.56 so far today. Volume today is low. So far 93,704 shares have traded compared to average volume of 240,420 shares.
To see InvestorsObserver's Sentiment Score for C21 Investments Inc click here.
More About C21 Investments Inc
C21 Investments Inc is a vertically integrated cannabis company. It cultivates, processes, manufactures, and distributes cannabis and hemp-derived consumer products. C21's focus is to expand where the company can wholly own indoor or outdoor cultivation operations, extraction facilities, bakeries, branded products, and retail dispensaries with a large distribution network.
Click Here to get the full Stock Report for C21 Investments Inc stock.