The market has been neutral on Silk Road Medical Inc (SILK) stock recently. SILK gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.
Silk Road Medical Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SILK!
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.
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 SILK Stock Today?
Silk Road Medical Inc (SILK) stock is trading at $36.53 as of 1:46 PM on Friday, Apr 22, a loss of -$4.18, or -10.28% from the previous closing price of $40.71. The stock has traded between $36.47 and $41.44 so far today. Volume today is 256,410 compared to average volume of 279,882.
To see InvestorsObserver's Sentiment Score for Silk Road Medical Inc click here.
More About Silk Road Medical Inc
Silk Road Medical Inc is a medical device company focused on reducing the risk of stroke and its devastating impact. The company has a new approach for the treatment of carotid artery disease called transcarotid artery revascularization, or TCAR, which it seeks to establish as the standard of care. TCAR relies on two novel concepts - minimally-invasive direct carotid access in the neck and high-rate blood flow reversal during the procedure to protect the brain - and combines the benefits of innovative endovascular techniques with fundamental surgical principles. TCAR using its portfolio of products has been clinically demonstrated to reduce the upfront morbidity and mortality risks commonly associated with carotid endarterectomy while maintaining a reduction in long-term stroke risk.
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