Is ShiftPixy Inc (PIXY) Stock About to Get Hot Monday?

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

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

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 PIXY Stock Today?

ShiftPixy Inc (PIXY) stock is trading at $3.27 as of 1:56 PM on Monday, Mar 25, a drop of -$0.23, or -6.57% from the previous closing price of $3.50. The stock has traded between $3.21 and $3.50 so far today. Volume today is low. So far 145,836 shares have traded compared to average volume of 1,140,684 shares.

More About ShiftPixy Inc

ShiftPixy PIXY provides a disruptive human capital management platform revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in managements nearly 25 years of workers compensation and compliance programs experience ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. Click Here to get the full Stock Report for ShiftPixy Inc stock.