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What is the Market's View on CooTek (Cayman) Inc (CTK) Stock's Price and Volume Trends

Tuesday, December 15, 2020 01:34 PM | InvestorsObserver Analysts

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What is the Market's View on CooTek (Cayman) Inc (CTK) Stock's Price and Volume Trends

CooTek (Cayman) Inc (CTK) stock is down 5.18% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
CooTek (Cayman) Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CTK!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

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 CTK Stock Today?

CooTek (Cayman) Inc (CTK) stock is lower by -26.83% while the S&P 500 is higher by 1.11% as of 1:21 PM on Tuesday, Dec 15. CTK has fallen -$1.61 from the previous closing price of $6.00 on volume of 807,896 shares. Over the past year the S&P 500 has risen 15.55% while CTK has fallen -14.26%. CTK lost -$0.47 per share in the over the last 12 months.

To see the top 5 stocks in the Software - Application industry click here.

More About CooTek (Cayman) Inc

CooTek (Cayman) Inc is a mobile internet company offering mobile applications including a portfolio of content-rich mobile applications, TouchPal Phone book and TouchPal Smart Input. Its content-rich mobile applications focus on three categories: online literature, casual games and scenario-based mobile apps. The company's products are Content-rich Mobile Applications that include Online literature, Casual games, Scenario-based mobile apps such as fitness, healthcare, and Phone call interface decoration; TouchPal Smart Input; and TouchPal Phonebook. It derives its majority of the revenue from United States.

Click Here to get the full Stock Score Report on CooTek (Cayman) Inc (CTK) Stock.

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