Rockwell Medical Inc (RMTI) stock is higher by 10.99% over the past week and gets a Bullish rating from InvestorsObserver's 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.
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 RMTI Stock Today?
Rockwell Medical Inc (RMTI) stock is down -4.55% while the S&P 500 is up 0.22% as of 10:53 AM on Monday, Apr 26. RMTI is lower by -$0.05 from the previous closing price of $1.06 on volume of 712,783 shares. Over the past year the S&P 500 is higher by 45.53% while RMTI is lower by -57.92%. RMTI lost -$0.41 per share in the over the last 12 months.
To see the top 5 stocks in the Drug Manufacturers - Specialty & Generic industry click here.
More About Rockwell Medical Inc
Rockwell Medical Inc is a US-based fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease with its products and services for the treatment of iron deficiency, and hemodialysis. The company's drug products are Triferic. Triferic is a therapy indicated to replace iron and maintain hemoglobin in adult hemodialysis patients with chronic kidney disease. The company operates in one segment of the hemodialysis market which involves the manufacture, sale, and distribution of hemodialysis products. The majority of the revenue is generated from the United States.
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