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 IMCC Stock Today?
IM Cannabis Corp (IMCC) stock is trading at $2.16 as of 10:31 AM on Monday, Apr 4, a decline of -$0.03, or -1.38% from the previous closing price of $2.19. The stock has traded between $2.12 and $2.24 so far today. Volume today is below average. So far 56,432 shares have traded compared to average volume of 379,576 shares.
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More About IM Cannabis Corp
IM Cannabis Corp is a Canada-based international medical cannabis company. It offers government-licensed cannabis products, from generic to GMP-certified and pharmaceutical-grade, for both wholesale and retail clients. The majority of its revenues are generated from sales of medical cannabis products to customers in Israel, followed by Germany.
Click Here to get the full Stock Report for IM Cannabis Corp stock.
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