Overall market sentiment has been down on Riot Blockchain Inc (RIOT) stock lately. RIOT receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 lower by -10.19% while the S&P 500 is up 0.96% as of 1:12 PM on Thursday, Apr 15. RIOT has fallen -$5.11 from the previous closing price of $50.16 on volume of 21,003,159 shares. Over the past year the S&P 500 has gained 46.32% while RIOT is up 4360.40%. RIOT lost -$0.30 per share in the over the last 12 months.
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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.
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