Trulieve Cannabis Corp (TCNNF) stock has gained 1.37% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 TCNNF Stock Today?
Trulieve Cannabis Corp (TCNNF) stock is trading at $30.23 as of 1:13 PM on Monday, Dec 7, a drop of -$0.13, or -0.43% from the previous closing price of $30.36. The stock has traded between $30.01 and $30.88 so far today. Volume today is less active than usual. So far 185,255 shares have traded compared to average volume of 477,569 shares.
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More About Trulieve Cannabis Corp
Trulieve Cannabis Corp is a vertically integrated seed to sale and fully licensed medical marijuana company. It is mainly engaged in the cultivation, possession, use, sale, and distribution of medical cannabis.
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