Overall market sentiment has been high on Luokung Technology Corp (LKCO) stock lately. LKCO receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With LKCO Stock Today?
Luokung Technology Corp (LKCO) stock is trading at $1.42 as of 10:54 AM on Tuesday, Jun 1, a loss of -$0.07, or -4.52% from the previous closing price of $1.49. The stock has traded between $1.42 and $1.54 so far today. Volume today is low. So far 2,221,462 shares have traded compared to average volume of 8,758,402 shares.
To see InvestorsObserver's Sentiment Score for Luokung Technology Corp click here.
More About Luokung Technology Corp
Luokung Technology Corp is a mobile service and technology provider for long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service (LBS) social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific; and social services.
Click Here to get the full Stock Score Report on Luokung Technology Corp (LKCO) Stock.
