Alberton Acquisition Corp (ALAC) stock is lower by 6.71% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With ALAC Stock Today?
Alberton Acquisition Corp (ALAC) stock has fallen -0.27% while the S&P 500 has risen 2.26% as of 11:07 AM on Monday, Mar 1. ALAC is lower by -$0.03 from the previous closing price of $11.29 on volume of 14,088 shares. Over the past year the S&P 500 has risen 20.82% while ALAC has risen 8.06%. ALAC earned $0.00 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2850.63.
To screen for more stocks like Alberton Acquisition Corp click here.
More About Alberton Acquisition Corp
Alberton Acquisition Corp is a blank check company.
Click Here to get the full Stock Score Report on Alberton Acquisition Corp (ALAC) Stock.
