This Cannabis Stock Has a Neutral Sentiment Score and is Falling: Should You Hold GrowGeneration Corp (GRWG) Thursday?

GRWG, a player in the cannabis market, is lower by 7.45% Thursday as it underperforms the market as a whole. GrowGeneration Corp (GRWG) stock is down 18.81% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

GrowGeneration Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on GRWG!

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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. 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 GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $3.67 as of 12:33 PM on Thursday, Jun 16, a drop of -$0.30, or -7.45% from the previous closing price of $3.96. The stock has traded between $3.58 and $3.91 so far today. Volume today is light. So far 738,770 shares have traded compared to average volume of 1,922,813 shares.

More About GrowGeneration Corp

GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. Click Here to get the full Stock Report for GrowGeneration Corp stock.