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Is it Time to Dump Veritone Inc (VERI) Stock After it Has Risen 31.04% in a Week?

Friday, January 08, 2021 02:28 PM | InvestorsObserver Analysts

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Is it Time to Dump Veritone Inc (VERI) Stock After it Has Risen 31.04% in a Week?

The market has been high on Veritone Inc (VERI) stock recently. VERI gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

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

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 VERI Stock Today?

Veritone Inc (VERI) stock is higher by 16.76% while the S&P 500 is down -0.07% as of 2:27 PM on Friday, Jan 8. VERI has risen $5.35 from the previous closing price of $31.93 on volume of 1,790,006 shares. Over the past year the S&P 500 has risen 16.85% while VERI has risen 1296.25%. VERI lost -$1.91 per share in the over the last 12 months.

To see the top 5 stocks in the Software - Infrastructure industry click here.

More About Veritone Inc

Veritone Inc is a cloud-based cognitive software company. Its proprietary artificial intelligence platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence. The open platform integrates an ecosystem of a variety of cognitive engines, which can be orchestrated together, to reveal valuable multivariate insights from vast amounts of media. The company's platform stores the results in a searchable, time-correlated database to create a rich, online, searchable index of audio, video and structured data, enabling users to analyze the information in near real-time to drive business decisions and insights.

Click Here to get the full Stock Score Report on Veritone Inc (VERI) Stock.

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