Pot stock Stable Road Acquisition Corp Class A (SRAC) is higher by 2.66% Wednesday. Overall market sentiment has been down on Stable Road Acquisition Corp Class A (SRAC) stock lately. SRAC receives a Bearish rating from InvestorsObserver's Stock 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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SRAC Stock Today?
Stable Road Acquisition Corp Class A (SRAC) stock is trading at $13.90 as of 10:56 AM on Wednesday, Mar 31, a gain of $0.36, or 2.66% from the previous closing price of $13.54. The stock has traded between $13.45 and $14.00 so far today. Volume today is less active than usual. So far 155,889 shares have traded compared to average volume of 1,304,620 shares.
More About Stable Road Acquisition Corp Class A
Stable Road Acquisition Corp is a blank check company.