Is Slack Technologies Inc (WORK) Stock About to Get Hot Tuesday?

Tuesday, July 20, 2021 11:07 AM | InvestorsObserver Analysts

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Is Slack Technologies Inc (WORK) Stock About to Get Hot Tuesday?

The market has been high on Slack Technologies Inc (WORK) stock recently. WORK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Slack Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WORK!

See Full WORK 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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WORK Stock Today?

Slack Technologies Inc (WORK) stock is trading at $45.33 as of 11:02 AM on Tuesday, Jul 20, a gain of $0.17, or 0.38% from the previous closing price of $45.16. Volume today is high. So far 8,780,524 shares have traded compared to average volume of 5,828,871 shares. The stock has traded between $45.06 and $45.39 so far today. To screen for more stocks like Slack Technologies Inc click here.

More About Slack Technologies Inc

Slack Technologies operates Slack, a software-as-a-service platform that brings together people, applications, and data. The platform is appropriate for all business types, from small and medium-size businesses to enterprise customers. The company was founded in 2009 as a game developer but later changed its focus and released its internally developed toolset, Slack, in 2013. It is headquartered in San Francisco. Click Here to get the full Stock Report for Slack Technologies Inc stock.