What is the Market's View on CytoDyn Inc (CYDY) Stock's Price and Volume Trends Tuesday?

The market has been high on CytoDyn Inc (CYDY) stock recently. CYDY gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

CytoDyn Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CYDY!

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What is Stock Sentiment?

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CYDY Stock Today?

CytoDyn Inc (CYDY) stock is lower by -5.27% while the S&P 500 has gained 0.32% as of 12:56 PM on Tuesday, Aug 2. CYDY is down -$0.04 from the previous closing price of $0.83 on volume of 1,548,779 shares. Over the past year the S&P 500 has fallen -5.82% while CYDY is down -48.70%. CYDY lost -$0.23 per share in the over the last 12 months.

More About CytoDyn Inc

CytoDyn Inc is a US-based clinical-stage biotechnology company which focuses on the clinical development and potential commercialization of humanized monoclonal antibodies to treat Human Immunodeficiency Virus (HIV) infection. The lead product candidate is PRO 140, which is a class of HIV therapy called entry inhibitors that block HIV from entering into and infecting certain cells. The company emphasizes on exploring opportunities for clinical applications for PRO 140 involving the CCR5 (C-C chemokine receptor type 5) receptor, other than HIV-related treatments, such as inflammatory conditions, autoimmune diseases, and cancer. Click Here to get the full Stock Report for CytoDyn Inc stock.