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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With OM Stock Today?
Outset Medical Inc (OM) stock has risen 12% while the S&P 500 is lower by -0.21% as of 10:29 AM on Tuesday, Mar 19. OM is up $0.24 from the previous closing price of $2.00 on volume of 209,405 shares. Over the past year the S&P 500 is up 30.04% while OM is lower by -89.63%. OM lost -$3.48 per share in the over the last 12 months.
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More About Outset Medical Inc
Outset Medical Inc is a medical technology company. It has developed a machine, Tablo, which reduces the cost and complexity of dialysis. Tablo provides Renal Replacement Therapy in Hospitals, Chronic Care in Dialysis Clinics and Home Dialysis.
Click Here to get the full Stock Report for Outset Medical Inc stock.
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