Cassava Sciences Inc (SAVA) stock has gained 88.56% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SAVA Stock Today?
Cassava Sciences Inc (SAVA) stock has risen 18.79% while the S&P 500 is lower by -1.15% as of 11:15 AM on Wednesday, Jan 27. SAVA is higher by $3.65 from the previous closing price of $19.43 on volume of 2,292,260 shares. Over the past year the S&P 500 has gained 17.32% while SAVA is higher by 222.80%. SAVA lost -$0.23 per share in the over the last 12 months.
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More About Cassava Sciences Inc
Cassava Sciences Inc is a clinical-stage biotechnology company engaged in developing a scientific approach for the treatment and detection of Alzheimer's disease. It is also developing an experimental biomarker diagnostic PTI-125 to detect Alzheimer's disease with the help of a blood test.
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