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.
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 SLGC Stock Today?
Somalogic Inc (SLGC) stock is lower by -9.13% while the S&P 500 is up 0.25% as of 1:31 PM on Wednesday, Oct 4. SLGC is down -$0.21 from the previous closing price of $2.30 on volume of 5,486,905 shares. Over the past year the S&P 500 is up 15.27% while SLGC is down -31.92%. SLGC lost -$0.76 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Somalogic Inc click here.
More About Somalogic Inc
SomaLogic Inc delivers precise and actionable health-management information that helps individuals to optimize their personal health and wellness throughout their lives. This information, to be provided through a global network of partners and users, is derived from its personalized measurement of changes in an individual's proteins over time.
Click Here to get the full Stock Report for Somalogic Inc stock.
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