Concert Pharmaceuticals Inc (CNCE) stock has risen 14.79% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 CNCE Stock Today?
Concert Pharmaceuticals Inc (CNCE) stock has risen 6.19% while the S&P 500 has fallen -0.84% as of 11:18 AM on Friday, Sep 18. CNCE has gained $0.67 from the previous closing price of $10.82 on volume of 142,757 shares. Over the past year the S&P 500 has risen 11.65% while CNCE has gained 4.45%. CNCE lost -$2.70 per share in the over the last 12 months.
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More About Concert Pharmaceuticals Inc
Concert Pharmaceuticals Inc is a clinical-stage biopharmaceutical company. The company aims to discover and develop small-molecule drugs by incorporating new elements into known molecules or by leveraging the current approved drugs to be used for new treatments. The pipeline consists of small molecules designed for oral administration to cure cystic fibrosis, inflammation, narcolepsy, residual schizophrenia, major depressive disorder, and Alzheimer's agitation.
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