Where Will Cano Health Inc (CANO) Stock Go Next After It Is Lower By 42.00% in a Week?
Tuesday, November 14, 2023 10:57 AM | InvestorsObserver Analysts
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Overall market sentiment has been down on Cano Health Inc (CANO) stock lately. CANO receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Cano Health Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CANO!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 CANO Stock Today?
Cano Health Inc (CANO) stock is lower by -0.14% while the S&P 500 has gained 2% as of 10:46 AM on Tuesday, Nov 14. CANO is lower by -$0.01 from the previous closing price of $7.01 on volume of 93,017 shares. Over the past year the S&P 500 is higher by 13.71% while CANO is lower by -96.93%. CANO lost -$147.53 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Cano Health Inc click here.
