Should You Buy Dolphin Entertainment Inc (DLPN) Stock on Monday?

Overall market sentiment has been down on Dolphin Entertainment Inc (DLPN) stock lately. DLPN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Dolphin Entertainment Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DLPN!

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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 DLPN Stock Today?

Dolphin Entertainment Inc (DLPN) stock is trading at $1.65 as of 1:33 PM on Monday, Oct 30, a gain of $0.05, or 3.12% from the previous closing price of $1.60. The stock has traded between $1.64 and $1.74 so far today. Volume today is light. So far 6,740 shares have traded compared to average volume of 14,318 shares.

More About Dolphin Entertainment Inc

Dolphin Entertainment Inc is an entertainment marketing and content production company. It provides strategic marketing and publicity services to many of the top brands, both individual and corporate, in the film, television, music, gaming and hospitality industries. Viewpoint Creative and Be Social complement the efforts with full-service creative branding and production capabilities as well as social media and influencer marketing services. Dolphin's legacy content production business has produced multiple feature films and award-winning digital series. Click Here to get the full Stock Report for Dolphin Entertainment Inc stock.