The market has been down on OrganiGram Holdings Inc (OGI) stock recently. OGI gets a Bearish score from InvestorsObserver's Stock 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.
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 OGI Stock Today?
OrganiGram Holdings Inc (OGI) stock is trading at $1.25 as of 3:23 PM on Monday, Oct 19, an increase of $0.07, or 5.93% from the previous closing price of $1.18. The stock has traded between $1.16 and $1.29 so far today. Volume today is more active than usual. So far 4,132,570 shares have traded compared to average volume of 2,663,069 shares.
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More About OrganiGram Holdings Inc
Organigram Inc. is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.
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