What is the Market's View on Cresco Labs Inc (CRLBF) Stock's Price and Volume Trends Tuesday?

Cresco Labs Inc (CRLBF) stock has fallen 1.60% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Cresco Labs Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CRLBF!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 CRLBF Stock Today?

Cresco Labs Inc (CRLBF) stock is trading at $8.01 as of 1:10 PM on Tuesday, Sep 21, a drop of -$0.17, or -2.08% from the previous closing price of $8.18. The stock has traded between $7.94 and $8.45 so far today. Volume today is 667,301 compared to average volume of 604,911. To see InvestorsObserver's Sentiment Score for Cresco Labs Inc click here.

More About Cresco Labs Inc

Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States. The company grows, manufactures, and distributes cannabis using a consumer-packaged-goods (CPG) approach. The firm sells its products through wholesale and Company-owned retail channels in numerous states. Click Here to get the full Stock Report for Cresco Labs Inc stock.