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Should You Buy Silver Spike Acquisition Corp (SSPK) Stock on Monday?

Monday, November 23, 2020 01:21 PM | InvestorsObserver Analysts

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Should You Buy Silver Spike Acquisition Corp (SSPK) Stock on Monday?

The market has been high on Silver Spike Acquisition Corp (SSPK) stock recently. SSPK gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Silver Spike Acquisition Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SSPK!

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 SSPK Stock Today?

Silver Spike Acquisition Corp (SSPK) stock is trading at $10.24 as of 1:17 PM on Monday, Nov 23, a rise of $0.05, or 0.49% from the previous closing price of $10.19. Volume today is elevated. So far 106,846 shares have traded compared to average volume of 39,647 shares. The stock has traded between $10.22 and $10.25 so far today.

To screen for more stocks like Silver Spike Acquisition Corp click here.

More About Silver Spike Acquisition Corp

Silver Spike Acquisition Corp is a blank check company.

Click Here to get the full Stock Score Report on Silver Spike Acquisition Corp (SSPK) Stock.

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