Is OrganiGram Holdings Inc (OGI) Stock About to Get Hot Monday?

The market has been down on OrganiGram Holdings Inc (OGI) stock recently. OGI gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

OrganiGram Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on OGI!

See Full OGI Report

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 OGI Stock Today?

OrganiGram Holdings Inc (OGI) stock is trading at $1.47 as of 2:03 PM on Monday, Apr 11, a decline of -$0.01, or -0.41% from the previous closing price of $1.48. Volume today is less active than usual. So far 3,731,647 shares have traded compared to average volume of 5,411,975 shares. The stock has traded between $1.44 and $1.51 so far today. To screen for more stocks like OrganiGram Holdings Inc click here.

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. Click Here to get the full Stock Report for OrganiGram Holdings Inc stock.