Zomedica Pharmaceuticals Corp (ZOM) stock is higher by 11.11% over the past week and gets a Bullish rating from InvestorsObserver's 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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ZOM Stock Today?
Zomedica Pharmaceuticals Corp (ZOM) stock has fallen -10.54% while the S&P 500 has risen 0.36% as of 2:30 PM on Thursday, Oct 1. ZOM is down -$0.01 from the previous closing price of $0.11 on volume of 12,033,473 shares. Over the past year the S&P 500 is higher by 14.79% while ZOM is down -69.70%. ZOM lost -$0.10 per share in the over the last 12 months.
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More About Zomedica Pharmaceuticals Corp
Zomedica Pharmaceuticals Corp is a veterinary diagnostic and pharmaceutical company creating products for companion animals (canine, feline and equine) by focusing on the unmet needs of clinical veterinarians.
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