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 TNGX Stock Today?
Tango Therapeutics Inc (TNGX) stock is lower by -10.01% while the S&P 500 has gained 0.59% as of 9:43 AM on Monday, Oct 16. TNGX has fallen -$0.77 from the previous closing price of $7.69 on volume of 1,249 shares. Over the past year the S&P 500 is up 18.37% while TNGX has gained 15.14%. TNGX lost -$1.21 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Tango Therapeutics Inc click here.
