The market has been down on Zogenix, Inc. (ZGNX) stock recently. ZGNX gets a Bearish score 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.
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 ZGNX Stock Today?
Zogenix, Inc. (ZGNX) stock is lower by -0.43% while the S&P 500 is higher by 0.09% as of 11:31 AM on Thursday, Dec 10. ZGNX is lower by -$0.09 from the previous closing price of $20.95 on volume of 197,829 shares. Over the past year the S&P 500 is up 17.36% while ZGNX is lower by -55.79%. ZGNX lost -$3.84 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Zogenix, Inc. click here.
More About Zogenix, Inc.
Zogenix Inc is engaged in developing and commercializing therapeutic solutions for people living with serious and life-threatening rare CNS disorders and medical conditions. Its product candidate includes ZX008, low-dose fenfluramine for the treatment of Dravet syndrome, LGS, and potentially other rare and catastrophic epilepsy disorders.
Click Here to get the full Stock Score Report on Zogenix, Inc. (ZGNX) Stock.
