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Is SunOpta, Inc. (STKL) Stock About to Get Hot Wednesday?

Wednesday, August 05, 2020 02:14 PM | InvestorsObserver Analysts

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Is SunOpta, Inc. (STKL) Stock About to Get Hot Wednesday?

Overall market sentiment has been high on SunOpta, Inc. (STKL) stock lately. STKL receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
SunOpta, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on STKL!

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 STKL Stock Today?

SunOpta, Inc. (STKL) stock is lower by -10.47% while the S&P 500 has gained 0.63% as of 2:02 PM on Wednesday, Aug 5. STKL is lower by -$0.75 from the previous closing price of $7.16 on volume of 1,708,557 shares. Over the past year the S&P 500 has risen 16.96% while STKL has gained 138.29%. STKL lost -$0.35 per share in the over the last 12 months.

To screen for more stocks like SunOpta, Inc. click here.

More About SunOpta, Inc.

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. It operates through three segments. Global Ingredients includes the sourcing and sale of organic and non-GMO ingredients, including fruits, oils, and the processing of value-added ingredients including cocoa liquor. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use. It generates a vast majority of revenues from the Global Ingredients segment.

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