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Where Will 8x8, Inc. (EGHT) Stock Go Next After It Is Lower By 12.14% in a Week?

Wednesday, September 07, 2022 01:50 PM | InvestorsObserver Analysts

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Where Will 8x8, Inc. (EGHT) Stock Go Next After It Is Lower By 12.14% in a Week?

8x8, Inc. (EGHT) stock is down 12.14% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
8x8, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EGHT!

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. 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 EGHT Stock Today?

8x8, Inc. (EGHT) stock is lower by -5.22% while the S&P 500 has risen 1.4% as of 1:38 PM on Wednesday, Sep 7. EGHT is down -$0.26 from the previous closing price of $4.89 on volume of 751,199 shares. Over the past year the S&P 500 is down -12.33% while EGHT is down -81.55%. EGHT lost -$1.37 per share in the over the last 12 months. To screen for more stocks like 8x8, Inc. click here.

More About 8x8, Inc.

8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States. Click Here to get the full Stock Report for 8x8, Inc. stock.

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