Pot Stock Alert: GrowGeneration Corp (GRWG) Drops 3.25% Wednesday

GRWG, a player in the cannabis market, is lower by 3.25% Wednesday as it underperforms the market as a whole. GrowGeneration Corp (GRWG) stock has fallen 11.20% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

GrowGeneration Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GRWG!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is down -3.25% while the S&P 500 is up 0.35% as of 2:53 PM on Wednesday, Dec 1. GRWG is lower by -$0.53 from the previous closing price of $16.30 on volume of 1,443,649 shares. Over the past year the S&P 500 is higher by 26.55% while GRWG is lower by -55.16%. GRWG earned -$0.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 50.66. To see InvestorsObserver's Sentiment Score for GrowGeneration Corp click here.

More About GrowGeneration Corp

GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. Click Here to get the full Stock Report for GrowGeneration Corp stock.