Overall market sentiment has been neutral on Regulus Therapeutics Inc (RGLS) stock lately. RGLS receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 RGLS Stock Today?
Regulus Therapeutics Inc (RGLS) stock is trading at $1.25 as of 12:22 PM on Wednesday, Mar 3, a drop of -$0.10, or -7.09% from the previous closing price of $1.34. The stock has traded between $1.15 and $1.34 so far today. Volume today is less active than usual. So far 1,384,059 shares have traded compared to average volume of 2,369,375 shares.
To see InvestorsObserver's Sentiment Score for Regulus Therapeutics Inc click here.
More About Regulus Therapeutics Inc
Regulus Therapeutics Inc is a biotechnology company focused on the development of microRNA therapies. MicroRNA therapies target diseases such as cancer, metabolic diseases, fibrosis, and inflammatory diseases. MicroRNA is a noncoding ribonucleic acid that regulates most genes in the genome. The company partnered with Sanofi to create a compound targeting orphan diseases and with AstraZeneca to cure Type 2 Diabetes/prediabetes.
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