SIGA Technologies Inc (SIGA) Stock: What Does the Chart Say Friday?

The market has been high on SIGA Technologies Inc (SIGA) stock recently. SIGA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

SIGA Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SIGA!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SIGA Stock Today?

SIGA Technologies Inc (SIGA) stock is higher by 1.23% while the S&P 500 has fallen -0.71% as of 12:22 PM on Friday, Mar 15. SIGA has risen $0.09 from the previous closing price of $6.91 on volume of 570,841 shares. Over the past year the S&P 500 has gained 31.40% while SIGA has risen 24.56%. SIGA earned $0.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.39.

More About SIGA Technologies Inc

SIGA Technologies Inc is a commercial-stage pharmaceutical company focused on the health security market. The company's lead product is TPOXX, an orally administered antiviral drug for the treatment of human smallpox disease caused by the variola virus. Its products target orthopoxvirus infections including smallpox. Click Here to get the full Stock Report for SIGA Technologies Inc stock.