What is the Market's View on TransMedics Group Inc (TMDX) Stock's Price and Volume Trends Wednesday?

TransMedics Group Inc (TMDX) stock has risen 9.16% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

TransMedics Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TMDX!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TMDX Stock Today?

TransMedics Group Inc (TMDX) stock is trading at $74.11 as of 11:44 AM on Wednesday, Nov 29, a rise of $3.81, or 5.42% from the previous closing price of $70.30. The stock has traded between $71.45 and $75.38 so far today. Volume today is below average. So far 290,017 shares have traded compared to average volume of 1,020,031 shares.

More About TransMedics Group Inc

TransMedics Group Inc is a commercial-stage medical technology company transforming organ transplant therapy for end-stage organ failure patients across multiple disease states. It has developed the Organ Care System(OCS) to comprehensively address the limitations of cold storage. The OCS is a portable organ perfusion, optimization and monitoring system that utilizes the technology to replicate near-physiologic conditions for donor organs outside of the human body. Click Here to get the full Stock Report for TransMedics Group Inc stock.