Planet 13 Holdings Inc (PLNHF) Rises 17.13% Wednesday: Are Investors Bullish or Bearish On This Pot Stock?

Wednesday, July 20, 2022 03:26 PM | InvestorsObserver Analysts

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Planet 13 Holdings Inc (PLNHF) Rises 17.13% Wednesday: Are Investors Bullish or Bearish On This Pot Stock?

Pot stock PLNHF is in the clouds Wednesday, increasing 17.13%. Planet 13 Holdings Inc (PLNHF) stock has gained 32.23% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Planet 13 Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PLNHF!

See Full PLNHF Report

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PLNHF Stock Today?

Planet 13 Holdings Inc (PLNHF) stock is trading at $1.60 as of 3:06 PM on Wednesday, Jul 20, an increase of $0.23, or 17.13% from the previous closing price of $1.37. The stock has traded between $1.28 and $1.70 so far today. Volume today is high. So far 667,310 shares have traded compared to average volume of 371,487 shares.

More About Planet 13 Holdings Inc

Planet 13 Holdings Inc operate as an integrated cannabis company based in Nevada, with cultivation, production and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis. Click Here to get the full Stock Report for Planet 13 Holdings Inc stock.