Overall market sentiment has been high on cbdMD Inc (YCBD) stock lately. YCBD receives a Bullish rating from InvestorsObserver’s Stock Sentiment Indicator.
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.
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 YCBD Stock Today?
cbdMD Inc (YCBD) stock is higher by 4.85% while the S&P 500 is down -0.05% as of 1:24 PM on Friday, Jun 11. YCBD has gained $0.16 from the previous closing price of $3.30 on volume of 123,154 shares. Over the past year the S&P 500 has gained 32.82% while YCBD has gained 110.98%. YCBD lost -$0.72 per share in the over the last 12 months.
More About cbdMD Inc
cbdMD Inc is a United States based company. It owns and operates the consumer hemp-based cannabidiol (CBD) brand, cbdMD. The company’s product categories include CBD tinctures, CBD gummies, CBD topicals, CBD bath bombs, CBD oils, and CBD pet products. The firm distributes its products through an e-commerce website, wholesalers and a variety of brick and mortar retailers.
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