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.
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 WEJO Stock Today?
Wejo Group Ltd (WEJO) stock is up 4.06% while the S&P 500 has fallen -0.91% as of 10:00 AM on Thursday, May 19. WEJO has risen $0.08 from the previous closing price of $1.97 on volume of 29,889 shares. Over the past year the S&P 500 has fallen -5.81% while WEJO has fallen -78.69%. WEJO lost -$2.30 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Wejo Group Ltd click here.
More About Wejo Group Ltd
Wejo Group Ltd is engaged in cloud and software analytics for connected, electric, and autonomous vehicles, revolutionizing the way people live, work and travel by transforming and interpreting historic and real-time vehicle data. The company enables Smart Mobility for Good smarter mobility by organizing trillions of data points collected from approximately 12 million vehicles and 66.8 billion journeys to date, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. The company partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers.
Click Here to get the full Stock Report for Wejo Group Ltd stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
