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Should You Buy Skillz Inc (SKLZ) Stock on Tuesday?

Tuesday, May 24, 2022 11:48 AM | InvestorsObserver Analysts
Should You Buy Skillz Inc (SKLZ) Stock on Tuesday?

Skillz Inc (SKLZ) stock is down 11.89% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Skillz Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SKLZ!

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 SKLZ Stock Today?

Skillz Inc (SKLZ) stock is trading at $1.63 as of 11:47 AM on Tuesday, May 24, a decline of -$0.11, or -6.32% from the previous closing price of $1.74. The stock has traded between $1.56 and $1.69 so far today. Volume today is less active than usual. So far 4,385,645 shares have traded compared to average volume of 11,921,376 shares.

More About Skillz Inc

Skillz Inc is a mobile game development company. Its platform helps developers build multi-million dollar franchises by enabling social competition in their games. Click Here to get the full Stock Report for Skillz Inc stock.

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