Is Poseida Therapeutics Inc (PSTX) Stock About to Get Hot Friday?

Poseida Therapeutics Inc (PSTX) stock has gained 11.82% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Poseida Therapeutics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PSTX!

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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. 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 PSTX Stock Today?

Poseida Therapeutics Inc (PSTX) stock is lower by -4.65% while the S&P 500 has risen 0.66% as of 2:17 PM on Friday, Jul 1. PSTX is lower by -$0.12 from the previous closing price of $2.58 on volume of 92,986 shares. Over the past year the S&P 500 is lower by -11.34% while PSTX is lower by -75.45%. PSTX lost -$0.06 per share in the over the last 12 months. To screen for more stocks like Poseida Therapeutics Inc click here.

More About Poseida Therapeutics Inc

Poseida Therapeutics Inc is a clinical-stage biopharmaceutical company focused on leveraging non-viral gene engineering technologies to create life-saving therapeutics for patients with a high unmet medical need. It has built a pipeline of autologous and allogeneic chimeric antigen receptor T cell, or CAR-T, product candidates, initially focused on the treatment of hematological malignancies and solid tumours. Click Here to get the full Stock Report for Poseida Therapeutics Inc stock.