Pot Stock Falling With Bullish Sentiment Monday: Should You Add Greenlane Holdings Inc (GNLN) To Your Portfolio?

Greenlane Holdings Inc (GNLN) stock is lower by 1.01% Monday as the pot stock decreases $0.01 and underperforms the market. Overall market sentiment has been high on Greenlane Holdings Inc (GNLN) stock lately. GNLN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

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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 GNLN Stock Today?

Greenlane Holdings Inc (GNLN) stock is down -1.01% while the S&P 500 is up 0.95% as of 11:48 AM on Monday, Oct 16. GNLN is down -$0.01 from the previous closing price of $0.65 on volume of 34,629 shares. Over the past year the S&P 500 is higher by 18.78% while GNLN is down -96.36%. GNLN lost -$137.33 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Greenlane Holdings Inc click here.

More About Greenlane Holdings Inc

Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.