WUHN, a player in the cannabis market, is higher by 9.69% Friday as it outperforms the market as a whole. Overall market sentiment has been down on M2bio Sciences Inc (WUHN) stock lately. WUHN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
M2bio Sciences Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WUHN!
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.
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 WUHN Stock Today?
M2bio Sciences Inc (WUHN) stock is trading at $0.39 as of 2:58 PM on Friday, Oct 22, an increase of $0.03, or 9.69% from the previous closing price of $0.35. The stock has traded between $0.34 and $0.42 so far today. Volume today is elevated. So far 86,417 shares have traded compared to average volume of 39,135 shares.
To screen for more stocks like M2bio Sciences Inc click here.
More About M2bio Sciences Inc
M2Bio Sciences Inc is a United States-based nutraceutical biotechnology company. It focuses on alternative plant-based cannabinoids and psilocybin medical research that is into the development and commercialization of CBD and mushrooms-based products. The company's brands include Dr. AnnaRx, Medspresso, and Handcrafted Delight. It is also into research with psilocybin that aims to develop new therapies that will help patients who suffer from alcohol addiction, mental illness, and cardiovascular diseases.
Click Here to get the full Stock Report for M2bio Sciences Inc stock.