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Should You Buy ShiftPixy Inc (PIXY) Stock on Wednesday?

Wednesday, December 09, 2020 03:04 PM | InvestorsObserver Analysts

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Should You Buy ShiftPixy Inc (PIXY) Stock on Wednesday?

The market has been high on ShiftPixy Inc (PIXY) stock recently. PIXY gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PIXY Stock Today?

ShiftPixy Inc (PIXY) stock is trading at $2.52 as of 3:02 PM on Wednesday, Dec 9, a drop of -$0.34, or -11.85% from the previous closing price of $2.86. The stock has traded between $2.50 and $3.08 so far today. Volume today is above average. So far 6,979,744 shares have traded compared to average volume of 595,615 shares.

To see InvestorsObserver's Sentiment Score for ShiftPixy Inc click here.

More About ShiftPixy Inc

ShiftPixy (PIXY) provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in managementâ??s nearly 25 years of workersâ?? compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

Click Here to get the full Stock Score Report on ShiftPixy Inc (PIXY) Stock.

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