Should You Buy Inotiv Inc (NOTV) Stock on Tuesday?

Inotiv Inc (NOTV) stock has gained 15.69% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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. 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 NOTV Stock Today?

Inotiv Inc (NOTV) stock is trading at $39.88 as of 9:59 AM on Tuesday, Oct 26, a rise of $2.22, or 5.88% from the previous closing price of $37.66. The stock has traded between $37.87 and $40.20 so far today. Volume today is less active than usual. So far 49,478 shares have traded compared to average volume of 255,044 shares.

More About Inotiv Inc

Inotiv Inc is a pharmaceutical development company. It provides contract research services and monitoring instruments to pharmaceutical companies, drug development companies and medical research organizations. The company's products focuses on increasing efficiency, improving data, and reducing the cost of taking new drugs to market. Click Here to get the full Stock Report for Inotiv Inc stock.