Pot Stock Alert: Red White & Bloom Brands Inc (RWBYF) Drops 3.88% Friday

Friday, October 22, 2021 03:24 PM | InvestorsObserver Analysts

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Pot Stock Alert: Red White & Bloom Brands Inc (RWBYF) Drops 3.88% Friday

Red White & Bloom Brands Inc is a player in the cannabis industry that is lower by 3.88% Friday. Overall market sentiment has been down on Red White & Bloom Brands Inc (RWBYF) stock lately. RWBYF receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Red White & Bloom Brands Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RWBYF!

See Full RWBYF Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 RWBYF Stock Today?

Red White & Bloom Brands Inc (RWBYF) stock is trading at $0.57 as of 3:08 PM on Friday, Oct 22, a loss of -$0.02, or -3.88% from the previous closing price of $0.59. Volume today is above average. So far 672,659 shares have traded compared to average volume of 149,639 shares. The stock has traded between $0.56 and $0.61 so far today.

More About Red White & Bloom Brands Inc

Red White & Bloom Brands Inc is an investment company. The company focuses its investments on the companies that operates in the legal cannabis industry. Its investment objective is to seek high return investment opportunities by providing project-specific financing to public and private companies through a range of investment instruments. Click Here to get the full Stock Report for Red White & Bloom Brands Inc stock.