This Pot Stock Has a Bearish Sentiment Score and is Falling: Should You Hold GrowGeneration Corp (GRWG) Wednesday?

GRWG, a player in the cannabis market, is lower by 2.17% Wednesday as it underperforms the market as a whole. Overall market sentiment has been down on GrowGeneration Corp (GRWG) stock lately. GRWG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

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

See Full GRWG Report

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. 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 GRWG Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $7.91 as of 2:15 PM on Wednesday, Feb 23, a decline of -$0.17, or -2.17% from the previous closing price of $8.08. The stock has traded between $7.83 and $8.34 so far today. Volume today is light. So far 704,848 shares have traded compared to average volume of 2,234,816 shares. To see InvestorsObserver's Sentiment Score for GrowGeneration Corp click here.

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.