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.
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 CPNG Stock Today?
Coupang Inc (CPNG) stock is trading at $16.36 as of 9:50 AM on Monday, Nov 20, a gain of $0.32, or 2% from the previous closing price of $16.04. The stock has traded between $16.09 and $16.39 so far today. Volume today is below average. So far 349,053 shares have traded compared to average volume of 8,237,890 shares.
More About Coupang Inc
Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Itss segments include Product Commerce and Growth Initiatives.
Click Here to get the full Stock Report for Coupang Inc stock.
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