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Is it Time to Dump Riot Blockchain Inc (RIOT) Stock After it Is Higher By 40.84% in a Week?

Monday, January 11, 2021 10:01 AM | InvestorsObserver Analysts
Is it Time to Dump Riot Blockchain Inc (RIOT) Stock After it Is Higher By 40.84% in a Week?

Riot Blockchain Inc (RIOT) stock has risen 40.84% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

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

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.

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 RIOT Stock Today?

Riot Blockchain Inc (RIOT) stock is trading at $23.21 as of 10:00 AM on Monday, Jan 11, a drop of -$3.38, or -12.71% from the previous closing price of $26.59. The stock has traded between $20.26 and $24.00 so far today. Volume today is light. So far 12,087,768 shares have traded compared to average volume of 31,578,499 shares.

To see InvestorsObserver's Sentiment Score for Riot Blockchain Inc click here.

More About Riot Blockchain Inc

Riot Blockchain Inc is focused on building, supporting and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value or unit of account. The company's portfolio consists of Verady, Tesspay, Coinsquare, and others.

Click Here to get the full Stock Score Report on Riot Blockchain Inc (RIOT) Stock.

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