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Where Will Riot Blockchain Inc (RIOT) Stock Go Next After It Has Gained 15.02% in a Week?

Wednesday, June 30, 2021 10:56 AM | InvestorsObserver Analysts

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Where Will Riot Blockchain Inc (RIOT) Stock Go Next After It Has Gained 15.02% in a Week?

Riot Blockchain Inc (RIOT) stock has gained 15.02% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

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

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.

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 RIOT Stock Today?

Riot Blockchain Inc (RIOT) stock is down -1.18% while the S&P 500 is up 0.12% as of 10:40 AM on Wednesday, Jun 30. RIOT is lower by -$0.45 from the previous closing price of $37.81 on volume of 2,413,299 shares. Over the past year the S&P 500 has gained 40.73% while RIOT is up 1645.79%. RIOT lost -$0.19 per share in the over the last 12 months.

To see the top 5 stocks in the Software - Application industry click here.

More About Riot Blockchain Inc

Riot Blockchain Inc is focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. It operates in a single segment of cryptocurrency mining. The company's portfolio consists of Verady, Tesspay, Coinsquare, and others.

Click Here to get the full Stock Score Report on Riot Blockchain Inc (RIOT) Stock.

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