Where Will VNET Group Inc - ADR (VNET) Stock Go Next After It Has Gained 1.81% in a Week?

VNET Group Inc - ADR (VNET) stock has risen 1.81% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

VNET Group Inc - ADR has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on VNET!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With VNET Stock Today?

VNET Group Inc - ADR (VNET) stock is trading at $2.82 as of 10:40 AM on Thursday, Oct 12, a loss of -$0.15, or -5.05% from the previous closing price of $2.97. The stock has traded between $2.82 and $3.03 so far today. Volume today is less active than usual. So far 527,894 shares have traded compared to average volume of 1,835,020 shares. To see InvestorsObserver's Sentiment Score for VNET Group Inc - ADR click here.

More About VNET Group Inc - ADR

Vnet started as AsiaCloud in 1999, subsequently it moved to the data center business with its first self-developed data center opening in 2010. The company listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to Vnet Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, Huawei Cloud and JD Cloud as customers. At the end of December 2021 it had 78,540 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. Click Here to get the full Stock Report for VNET Group Inc - ADR stock.