The market has been high on Stealth BioTherapeutics Corp (MITO) stock recently. MITO gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
Click Here to get the full Stock Score Report on Stealth BioTherapeutics Corp (MITO) Stock.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 MITO Stock Today?
Stealth BioTherapeutics Corp (MITO) stock has fallen -1.28% while the S&P 500 is up 0.28% as of 10:22 AM on Wednesday, Jan 8. MITO is lower by -$0.04 from the previous closing price of $3.12 on volume of 43,540 shares. Over the past year the S&P 500 has risen 18.22% while MITO is lower by -74.33%. MITO lost -$2.96 per share in the over the last 12 months.
To see the top 5 stocks in the Biotechnology industry click here.
