Slack Technologies Inc (WORK) stock has fallen 8.07% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
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.
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 WORK Stock Today?
Slack Technologies Inc (WORK) stock is lower by -3.18% while the S&P 500 has risen 0.19% as of 3:26 PM on Monday, Aug 10. WORK is down -$0.92 from the previous closing price of $28.96 on volume of 11,553,841 shares. Over the past year the S&P 500 is higher by 16.46% while WORK is down -10.04%. WORK lost -$1.12 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Slack Technologies Inc click here.
More About Slack Technologies Inc
Slack Technologies operates Slack, a software-as-a-service platform that brings together people, applications, and data. The platform is appropriate for all business types, from small and medium-size businesses to enterprise customers. The company was founded in 2009 as a game developer but later changed its focus and released its internally developed toolset, Slack, in 2013. It is headquartered in San Francisco.
