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.
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 RNXT Stock Today?
RenovoRx Inc (RNXT) stock is up 6.11% while the S&P 500 has fallen -0.3% as of 10:27 AM on Wednesday, Feb 28. RNXT has risen $0.08 from the previous closing price of $1.31 on volume of 3,536 shares. Over the past year the S&P 500 has gained 27.14% while RNXT has fallen -62.53%. RNXT lost -$0.95 per share in the over the last 12 months.
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More About RenovoRx Inc
RenovoRx Inc is a clinical-stage biopharmaceutical company. It is focused on developing therapies for the local treatment of solid tumors and conducting a Phase 3 registrational trial for lead product candidate RenovoGem.
Click Here to get the full Stock Report for RenovoRx Inc stock.
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