High Tide Inc (HITI) stock has fallen 7.94% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
High Tide Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HITI!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 HITI Stock Today?
High Tide Inc (HITI) stock is trading at $1.74 as of 11:25 AM on Friday, Dec 2, a drop of -$0.06, or -3.33% from the previous closing price of $1.80. The stock has traded between $1.65 and $1.82 so far today. Volume today is below average. So far 197,563 shares have traded compared to average volume of 285,827 shares.
To see InvestorsObserver's Sentiment Score for High Tide Inc click here.
More About High Tide Inc
High Tide Inc is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. High Tide's aim to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
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