Where Will Flora Growth Corp (FLGC) Stock Go Next After It Is Down 16.62% in a Week?

The market has been down on Flora Growth Corp (FLGC) stock recently. FLGC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Flora Growth Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FLGC!

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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 FLGC Stock Today?

Flora Growth Corp (FLGC) stock is trading at $2.76 as of 10:51 AM on Friday, Sep 15, a rise of $0.18, or 6.98% from the previous closing price of $2.58. The stock has traded between $2.58 and $2.80 so far today. Volume today is below average. So far 30,425 shares have traded compared to average volume of 195,561 shares.

More About Flora Growth Corp

Flora Growth Corp is a vertically integrated cannabis company. It is focused on becoming the largest producer of low-cost naturally grown medicinal-grade cannabis oils, CBD-infused foods and beverages, and pharmaceutical-grade medical and cosmetic-grade derivatives from the cannabis plant. It prioritizes organic ingredients and value-chain sustainability across its portfolio to create products that help consumers restore and thrive. Click Here to get the full Stock Report for Flora Growth Corp stock.