Overall market sentiment has been neutral on Lexaria Bioscience Corp (LEXX) stock lately. LEXX receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Lexaria Bioscience Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on LEXX!
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With LEXX Stock Today?
Lexaria Bioscience Corp (LEXX) stock has risen 11.67% while the S&P 500 is lower by -0.2% as of 1:05 PM on Monday, Mar 25. LEXX has gained $0.40 from the previous closing price of $3.47 on volume of 361,028 shares. Over the past year the S&P 500 is higher by 31.33% while LEXX has gained 51.56%. LEXX lost -$0.84 per share in the over the last 12 months.
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More About Lexaria Bioscience Corp
Lexaria Bioscience Corp's patented drug delivery technology, DehydraTECH improves the way active pharmaceutical ingredients enter the bloodstream by promoting more effective oral delivery. DehydraTECH has the ability to increase bio-absorption with cannabinoids and nicotine by 5-10x and, in some instances with cannabinoids by as much as 27x compared to standard industry formulations, reduce the time of onset from 1-2 hours to minutes, and mask unwanted tastes. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio.
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