Should You Buy Exelixis, Inc. (EXEL) Stock After it Is Down 6.10% in a Week?

Overall market sentiment has been high on Exelixis, Inc. (EXEL) stock lately. EXEL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Exelixis, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EXEL!

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What is Stock Sentiment?

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. 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 EXEL Stock Today?

Exelixis, Inc. (EXEL) stock is trading at $20.00 as of 9:49 AM on Wednesday, Nov 3, a drop of -$1.88, or -8.58% from the previous closing price of $21.88. The stock has traded between $19.22 and $20.30 so far today. Volume today is light. So far 360,374 shares have traded compared to average volume of 1,528,128 shares. To see InvestorsObserver's Sentiment Score for Exelixis, Inc. click here.

More About Exelixis, Inc.

Exelixis Inc is a biopharmaceutical firm that discovers, develops, and commercializes treatments for cancer. Its lead molecule cabozantinib is indicated for the treatment of patients with metastatic medullary thyroid cancer (as Cometriq) and advanced renal cell carcinoma, or kidney cancer, and hepatocellular carcinoma, or liver cancer (as Cabometyx). Exelixis and partner Roche have also brought Cotellic to market for the treatment of melanoma. Click Here to get the full Stock Report for Exelixis, Inc. stock.