Should You Buy SIGA Technologies Inc (SIGA) Stock After it Has Fallen 5.93% in a Week?

SIGA Technologies Inc (SIGA) stock is lower by 5.93% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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. 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 SIGA Stock Today?

SIGA Technologies Inc (SIGA) stock has fallen -7.75% while the S&P 500 is up 0.27% as of 9:52 AM on Wednesday, Nov 8. SIGA has fallen -$0.40 from the previous closing price of $5.16 on volume of 159,028 shares. Over the past year the S&P 500 is higher by 15.32% while SIGA has fallen -49.79%. SIGA lost -$0.07 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for SIGA Technologies Inc click here.

More About SIGA Technologies Inc

SIGA Technologies Inc is a commercial-stage pharmaceutical company focused on the health security market. The company's lead product is TPOXX, an orally administered antiviral drug for the treatment of human smallpox disease caused by the variola virus. Its products target orthopoxvirus infections including smallpox. Click Here to get the full Stock Report for SIGA Technologies Inc stock.