Overall market sentiment has been high on Marathon Patent Group Inc (MARA) stock lately. MARA receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With MARA Stock Today?
Marathon Patent Group Inc (MARA) stock is trading at $3.02 as of 10:03 AM on Monday, Aug 3, an increase of $0.99, or 48.52% from the previous closing price of $2.03. The stock has traded between $2.84 and $3.66 so far today. Volume today is high. So far 23,030,419 shares have traded compared to average volume of 11,260,633 shares.
To see InvestorsObserver's Sentiment Score for Marathon Patent Group Inc click here.
More About Marathon Patent Group Inc
Marathon Patent Group Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the Digital Currency Blockchain segment and its crypto-currency machines are located in Canada.
