Overall market sentiment has been neutral on Luokung Technology Corp (LKCO) stock lately. LKCO receives a Neutral rating from InvestorsObserver's Stock 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.
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 LKCO Stock Today?
Luokung Technology Corp (LKCO) stock is trading at $2.22 as of 3:25 PM on Friday, Feb 19, a drop of -$0.17, or -7.13% from the previous closing price of $2.39. The stock has traded between $2.16 and $2.62 so far today. Volume today is more active than usual. So far 32,855,985 shares have traded compared to average volume of 19,984,553 shares.
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More About Luokung Technology Corp
Luokung Technology Corp is a mobile service and technology provider for long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service (LBS) social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific; and social services.
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