Overall market sentiment has been high on Medical Marijuana Inc (MJNA) stock lately. MJNA receives a Bullish 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.
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 MJNA Stock Today?
Medical Marijuana Inc (MJNA) stock is flat 10.15% while the S&P 500 is down -1.05% as of 2:29 PM on Wednesday, May 20. MJNA is unchanged $0.00 from the previous closing price of $0.02 on volume of 56,274,008 shares. Over the past year the S&P 500 is higher by 2.91% while MJNA is down -66.67%. MJNA lost -$0.01 per share in the over the last 12 months.
More About Medical Marijuana Inc
Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company’s products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.