Overall market sentiment has been down on Slack Technologies Inc (WORK) stock lately. WORK receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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 WORK Stock Today?
Slack Technologies Inc (WORK) stock is trading at $25.91 as of 11:57 AM on Thursday, Sep 10, a rise of $0.67, or 2.65% from the previous closing price of $25.24. The stock has traded between $25.43 and $26.23 so far today. Volume today is 15,937,023 compared to average volume of 16,166,785.
To see the top 5 stocks in the Software - Application industry click here.
More About Slack Technologies Inc
Slack Technologies operates Slack, a software-as-a-service platform that brings together people, applications, and data. The platform is appropriate for all business types, from small and medium-size businesses to enterprise customers. The company was founded in 2009 as a game developer but later changed its focus and released its internally developed toolset, Slack, in 2013. It is headquartered in San Francisco.
Click Here to get the full Stock Score Report on Slack Technologies Inc (WORK) Stock.
