Should You Buy Jushi Holdings Inc (JUSHF) Stock on Monday?

Monday, August 17, 2020 2:19 PM | InvestorsObserver Analysts

Overall market sentiment has been high on Jushi Holdings Inc (JUSHF) stock lately. JUSHF receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Jushi Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on JUSHF!

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 JUSHF Stock Today?

Jushi Holdings Inc (JUSHF) stock is trading at $2.04 as of 1:55 PM on Monday, Aug 17, a rise of $0.04, or 2% from the previous closing price of $2.00. The stock has traded between $1.90 and $2.13 so far today. Volume today is 120,702 compared to average volume of 137,324.

To see the top 5 stocks in the Drug Manufacturers - Specialty & Generic industry click here.

More About Jushi Holdings Inc

Jushi Holdings Inc is a Canada based company involved in providing cannabis and hemp-derived products. The company's brands include Nira, Beyond / Hello, The Lab, and The Bank. The company's products include Nira Tincture, Nira Softgels, Nira Lotion, and others.

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