Pot Stock Rising With Bearish Sentiment Friday: Should You Add GrowGeneration Corp (GRWG) To Your Portfolio?

GrowGeneration Corp is a player in the cannabis industry that is higher by 4.15% Friday. The market has been down on GrowGeneration Corp (GRWG) stock recently. GRWG gets a Bearish score from InvestorsObserver Stock 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?

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 GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $4.64 as of 2:49 PM on Friday, May 13, a rise of $0.18, or 4.15% from the previous closing price of $4.46. The stock has traded between $4.51 and $4.89 so far today. Volume today is elevated. So far 2,537,546 shares have traded compared to average volume of 1,800,004 shares. To screen for more stocks like 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.