Should You Buy Green Thumb Industries Inc (GTBIF) Stock After it Has Risen 13.40% in a Week?

Green Thumb Industries Inc (GTBIF) stock has gained 13.40% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Green Thumb Industries Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GTBIF!

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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. 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 GTBIF Stock Today?

Green Thumb Industries Inc (GTBIF) stock is trading at $13.12 as of 11:59 AM on Thursday, Mar 21, an increase of $0.02, or 0.15% from the previous closing price of $13.10. Volume today is light. So far 163,316 shares have traded compared to average volume of 474,754 shares. The stock has traded between $12.92 and $13.26 so far today. To see InvestorsObserver's Sentiment Score for Green Thumb Industries Inc click here.

More About Green Thumb Industries Inc

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 75 cannabis stores under the chains Rise and Essence. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including Dr. Solomon's, Dogwalkers, and Beboe. Click Here to get the full Stock Report for Green Thumb Industries Inc stock.