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What is the Market's View on Core Scientific Inc (CORZ) Stock's Price and Volume Trends Monday?

Monday, October 03, 2022 01:24 PM | InvestorsObserver Analysts
What is the Market's View on Core Scientific Inc (CORZ) Stock's Price and Volume Trends Monday?

Overall market sentiment has been down on Core Scientific Inc (CORZ) stock lately. CORZ receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Core Scientific Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CORZ!

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 CORZ Stock Today?

Core Scientific Inc (CORZ) stock is trading at $1.40 as of 1:24 PM on Monday, Oct 3, a gain of $0.10, or 7.31% from the previous closing price of $1.30. The stock has traded between $1.27 and $1.40 so far today. Volume today is below average. So far 1,319,358 shares have traded compared to average volume of 4,135,442 shares. To see InvestorsObserver's Sentiment Score for Core Scientific Inc click here.

More About Core Scientific Inc

Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets. Click Here to get the full Stock Report for Core Scientific Inc stock.

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