What is the Market's View on Acasti Pharma Inc (ACST) Stock's Price and Volume Trends Wednesday?

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

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

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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. 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 ACST Stock Today?

Acasti Pharma Inc (ACST) stock is trading at $0.95 as of 1:41 PM on Wednesday, May 18, a drop of -$0.02, or -2.38% from the previous closing price of $0.97. Volume today is elevated. So far 1,026,758 shares have traded compared to average volume of 93,072 shares. The stock has traded between $0.90 and $1.00 so far today. To see InvestorsObserver's Sentiment Score for Acasti Pharma Inc click here.

More About Acasti Pharma Inc

Acasti Pharma Inc is a late-stage specialty pharma company with drug delivery technologies and drug candidates addressing rare and orphan diseases. Its novel drug delivery technologies have the potential to improve the performance of marketed drugs by achieving faster onset of action, enhanced efficacy, reduced side effects, and more convenient drug delivery all which could help to increase treatment compliance and improve patient outcomes. Click Here to get the full Stock Report for Acasti Pharma Inc stock.