What is the Market's View on Ascend Wellness Holdings Inc (AAWH) Stock's Price and Volume Trends Friday?

The market has been down on Ascend Wellness Holdings Inc (AAWH) stock recently. AAWH gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Ascend Wellness Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AAWH!

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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 AAWH Stock Today?

Ascend Wellness Holdings Inc (AAWH) stock has risen 1.65% while the S&P 500 is lower by -0.42% as of 11:55 AM on Friday, Oct 13. AAWH has risen $0.01 from the previous closing price of $0.90 on volume of 38,501 shares. Over the past year the S&P 500 has gained 21.08% while AAWH is lower by -48.59%. AAWH lost -$0.26 per share in the over the last 12 months.

More About Ascend Wellness Holdings Inc

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and to third-party licensed cannabis retail stores. Click Here to get the full Stock Report for Ascend Wellness Holdings Inc stock.