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Where Will Cardlytics Inc (CDLX) Stock Go Next After It Has Gained 12.29% in a Week?

Friday, April 16, 2021 03:05 PM | InvestorsObserver Analysts

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Where Will Cardlytics Inc (CDLX) Stock Go Next After It Has Gained 12.29% in a Week?

Cardlytics Inc (CDLX) stock has risen 12.29% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Cardlytics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CDLX!

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.

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 CDLX Stock Today?

Cardlytics Inc (CDLX) stock is trading at $124.53 as of 3:03 PM on Friday, Apr 16, a rise of $3.48, or 2.87% from the previous closing price of $121.05. The stock has traded between $120.01 and $126.12 so far today. Volume today is light. So far 221,062 shares have traded compared to average volume of 522,236 shares.

To see InvestorsObserver's Sentiment Score for Cardlytics Inc click here.

More About Cardlytics Inc

Cardlytics Inc operates an advertising platform within financial institutions digital channels, which include online, mobile, email and various real-time notifications. The company operates through three segments, Cardlytics Direct U.S. and U.K., and Other Platform Solutions. The Cardlytics Direct segment which generates majority revenue operates a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels. The Other Platform Solutions segment offers solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. Geographically the company receives maximum revenue from the United States.

Click Here to get the full Stock Score Report on Cardlytics Inc (CDLX) Stock.

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