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Should You Buy Sogou Inc (SOGO) Stock on Thursday?

Thursday, April 01, 2021 11:37 AM | InvestorsObserver Analysts

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Should You Buy Sogou Inc (SOGO) Stock on Thursday?

Sogou Inc (SOGO) stock is down 4.65% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

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

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.

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 SOGO Stock Today?

Sogou Inc (SOGO) stock is trading at $7.79 as of 11:33 AM on Thursday, Apr 1, an increase of $0.23, or 3.11% from the previous closing price of $7.55. The stock has traded between $7.61 and $8.05 so far today. Volume today is high. So far 1,010,568 shares have traded compared to average volume of 707,208 shares.

To see the top 5 stocks in the Internet Content & Information industry click here.

More About Sogou Inc

Sogou Inc is an internet company in China which owns search engine called Sogou Search. It is engaged in developing Sogou Input Method, which is a Chinese language input software by both mobile and PC MAUs. Sogou Input Method is a cloud-based Chinese language input software which captures Chinese expressions and phrases on the Internet, which enables Sogou Input Method to build a comprehensive and up-to-date vocabulary library. The company focuses on delivering internet content to users through services such as search access to the vast content from Tencent's Weixin Official Accounts. It operates its business in China and earns the majority of its revenue from China itself.

Click Here to get the full Stock Score Report on Sogou Inc (SOGO) Stock.

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