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.
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 JUPW Stock Today?
Jupiter Wellness Inc (JUPW) stock is trading at $1.17 as of 10:41 AM on Friday, Sep 1, an increase of $0.07, or 6.41% from the previous closing price of $1.10. The stock has traded between $1.10 and $1.18 so far today. Volume today is light. So far 94,076 shares have traded compared to average volume of 1,100,879 shares.
To see InvestorsObserver's Sentiment Score for Jupiter Wellness Inc click here.
More About Jupiter Wellness Inc
Jupiter Wellness Inc is a wellness hemp-derived cannabidiol, consumer product development company. It is engaged in manufacturing, distributing, and marketing of consumer products infused with CBD. Its products include CaniSun, CaniSkin and CaniDermRX. Under the CaniSun brand name. The business has two reportable segments sales and development of cannabidiol (CBD) based skincare and therapeutic products and sales of merchandise sold to theme parks.
Click Here to get the full Stock Report for Jupiter Wellness Inc stock.
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