The market has been high on Aphria Inc (APHA) stock recently. APHA gets a Bullish score from InvestorsObserver's Stock 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.
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 APHA Stock Today?
Aphria Inc (APHA) stock is trading at $6.17 as of 11:59 AM on Tuesday, Oct 13, a decline of -$0.20, or -3.22% from the previous closing price of $6.37. The stock has traded between $5.91 and $6.32 so far today. Volume today is high. So far 6,766,095 shares have traded compared to average volume of 4,467,811 shares.
To screen for more stocks like Aphria Inc click here.
More About Aphria Inc
Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not currently operate in the U.S. due to federal prohibition. The company is focusing on expanding through international cultivation and distribution into the global medical cannabis market. Aphria also offers multiple products under a portfolio of recreational cannabis brands, including Solei, RIFF, and Broken Coast.
Click Here to get the full Stock Score Report on Aphria Inc (APHA) Stock.
