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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With YCBD Stock Today?
cbdMD Inc (YCBD) stock is trading at $0.67 as of 3:06 PM on Thursday, May 5, a drop of -$0.02, or -2.94% from the previous closing price of $0.69. The stock has traded between $0.66 and $0.72 so far today. Volume today is low. So far 43,418 shares have traded compared to average volume of 329,182 shares.
More About cbdMD Inc
cbdMD Inc is a United States based company. It owns and operates the consumer hemp-based cannabidiol (CBD) brand, cbdMD. The company's product categories include CBD tinctures, CBD gummies, CBD topicals, CBD bath bombs, CBD oils, and CBD pet products. The firm distributes its products through an e-commerce website, wholesalers and a variety of brick and mortar retailers.
Click Here to get the full Stock Report for cbdMD Inc stock.
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