Overall market sentiment has been down on Delta 9 Cannabis Inc (VRNDF) stock lately. VRNDF receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 VRNDF Stock Today?
Delta 9 Cannabis Inc (VRNDF) stock has gained 4.93% while the S&P 500 has fallen -0.68% as of 10:55 AM on Monday, Feb 22. VRNDF has risen $0.02 from the previous closing price of $0.50 on volume of 86,631 shares. Over the past year the S&P 500 has risen 20.28% while VRNDF has risen 18.18%. VRNDF lost -$0.15 per share in the over the last 12 months.
More About Delta 9 Cannabis Inc
Delta 9 Cannabis Inc is a Canada-based company engaged in Biotechnology and Medical Research. The company is a licensed producer of medical marijuana and operates a production facility in Winnipeg, Manitoba. It has three categories of cannabis such as Indica, Sativa, and Hybrid.