The market has been neutral on Cronos Group Inc (CRON) stock recently. CRON gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 CRON Stock Today?
Cronos Group Inc (CRON) stock is down -4.38% while the S&P 500 is up 0.06% as of 2:33 PM on Friday, Jun 19. CRON is lower by -$0.29 from the previous closing price of $6.56 on volume of 4,847,220 shares. Over the past year the S&P 500 is up 6.45% while CRON is lower by -60.44%. CRON lost -$0.02 per share in the over the last 12 months.
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More About Cronos Group Inc
Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany.
