Is it Time to Dump Columbia Care Inc (CCHWF) Stock After it Is Down 4.62% in a Week?

Friday, September 25, 2020 3:28 PM | InvestorsObserver Analysts

Columbia Care Inc (CCHWF) stock has fallen 4.62% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
Columbia Care Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CCHWF!

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 CCHWF Stock Today?

Columbia Care Inc (CCHWF) stock is trading at $3.30 as of 3:07 PM on Friday, Sep 25, a rise of $0.10, or 3.19% from the previous closing price of $3.20. The stock has traded between $3.18 and $3.32 so far today. Volume today is below average. So far 42,144 shares have traded compared to average volume of 113,481 shares.

To see InvestorsObserver's Sentiment Score for Columbia Care Inc click here.

More About Columbia Care Inc

Columbia Care Inc is the United States based cultivator, manufacturer, and provider of medical cannabis products and services. Some of its products are Vaporization Oil, Sublingual Tinctures, Lotions, Hard Pressed Tablets, and Suppositories among others.

Click Here to get the full Stock Score Report on Columbia Care Inc (CCHWF) Stock.

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