Overall market sentiment has been down on Leap Therapeutics Inc (LPTX) stock lately. LPTX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Leap Therapeutics Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LPTX!
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With LPTX Stock Today?
Leap Therapeutics Inc (LPTX) stock is trading at $2.34 as of 3:35 PM on Tuesday, Mar 19, an increase of $0.20, or 9.35% from the previous closing price of $2.14. The stock has traded between $2.17 and $2.44 so far today. Volume today is 233,681 compared to average volume of 200,393.
More About Leap Therapeutics Inc
Leap Therapeutics Inc is a biopharmaceutical company developing novel therapies designed to treat patients with cancer by inhibiting fundamental tumor-promoting pathways and by harnessing the immune system to attack cancer cells. Its clinical stage program is DKN-01, a monoclonal antibody that inhibits Dickkopf-related protein 1, or DKK1. DKK1 is a protein that regulates the Wnt signaling pathways and enables tumor cells to proliferate and spread, as well as suppresses the immune system from attacking the tumor. The company is studying DKN-01 in multiple ongoing clinical trials in patients with esophagogastric cancer, hepatobiliary cancer, gynecologic cancers, or prostate cancer. Its other clinical studies include P100, P102, P204,and P205.
Click Here to get the full Stock Report for Leap Therapeutics Inc stock.
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