Green Thumb Industries Inc (GTBIF) stock is up 8.32% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With GTBIF Stock Today?
Green Thumb Industries Inc (GTBIF) stock is trading at $31.75 as of 1:06 PM on Thursday, Jun 24, a rise of $1.56, or 5.16% from the previous closing price of $30.19. The stock has traded between $30.37 and $32.25 so far today. Volume today is high. So far 368,068 shares have traded compared to average volume of 243,448 shares.
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 12 states and operates more than 50 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 Score Report on Green Thumb Industries Inc (GTBIF) Stock.
