Takung Art Co Ltd (TKAT) stock is higher by 13.25% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
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 TKAT Stock Today?
Takung Art Co Ltd (TKAT) stock is trading at $20.34 as of 2:35 PM on Friday, Jun 11, a rise of $1.40, or 7.39% from the previous closing price of $18.94. The stock has traded between $19.05 and $21.39 so far today. Volume today is 1,565,115 compared to average volume of 1,723,241.
More About Takung Art Co Ltd
Takung Art Co Ltd operates an online electronic platform for offering and trading artwork. Through its platform, the company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. Its platform also invests in high-end and artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on its system, primarily consisting of listing fees, trading commissions, and management fees. It conducts its business primarily in Hong Kong and China.