Should You Buy JOYY Inc (YY) Stock on Wednesday?

JOYY Inc (YY) stock is up 12.72% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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 YY Stock Today?

JOYY Inc (YY) stock is trading at $30.48 as of 3:13 PM on Wednesday, Nov 30, an increase of $0.57, or 1.91% from the previous closing price of $29.91. The stock has traded between $30.12 and $31.19 so far today. Volume today is elevated. So far 737,279 shares have traded compared to average volume of 582,297 shares. To screen for more stocks like JOYY Inc click here.

More About JOYY Inc

JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo Live, Huya, Likee, imo, and Hago. The company offers Live streaming platforms, Short-form video platforms, and other products. The company reports in two segments Bigo and All other. It has a presence in China; Developed countries; Middle East and Southeast Asia and others. Click Here to get the full Stock Report for JOYY Inc stock.