Overall market sentiment has been down on Tantech Holdings Ltd (TANH) stock lately. TANH receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TANH Stock Today?
Tantech Holdings Ltd (TANH) stock is lower by -4.59% while the S&P 500 is higher by 1.13% as of 11:00 AM on Wednesday, Dec 2. TANH is lower by -$0.09 from the previous closing price of $1.85 on volume of 2,997,126 shares. Over the past year the S&P 500 is higher by 17.62% while TANH is lower by -13.24%. TANH lost -$0.20 per share in the over the last 12 months.
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More About Tantech Holdings Ltd
Tantech Holdings Ltd manufactures bamboo charcoal-based products. The company through its subsidiaries is engaged in the production and distribution of household products along with trading business which involves the export of charcoal products. It also manufactures electric double-layer capacitors carbon materials and low emission barbecue charcoal. Its product portfolio includes air purifiers and humidifiers, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mousepads, and wrist mats, refrigerator deodorant, and charcoal toilet cleaner disks. Its segments are Consumer products, Electric vehicles, and Trading.
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