Overall market sentiment has been high on Trxade Group Inc (MEDS) stock lately. MEDS receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 MEDS Stock Today?
Trxade Group Inc (MEDS) stock is down -5.52% while the S&P 500 is up 0.6% as of 2:48 PM on Friday, Dec 4. MEDS has fallen -$0.31 from the previous closing price of $5.62 on volume of 131,657 shares. Over the past year the S&P 500 is higher by 21.43% while MEDS has fallen -17.29%. MEDS lost -$0.11 per share in the over the last 12 months.
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More About Trxade Group Inc
Trxade Group Inc engages in designing and developing business to business web-based platform which provides buying and selling opportunities for pharmacies and national suppliers of the pharmaceutical industry. The products developed by the company are trxade.com which is a web-based pharmaceutical platform for promoting and trade among independent pharmacies and suppliers, inventoryrx.com which is also a platform for promoting and trading among suppliers and manufacturers nationally, pharmabayonline which provides access to pharmaceutical data analytics to United States based independent pharmacies, and rxguru which is a service based desktop software applications for providing drug pricing and analytics.
Click Here to get the full Stock Score Report on Trxade Group Inc (MEDS) Stock.
