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 ARBK Stock Today?
Argo Blockchain PLC – ADR (ARBK) stock is down -7.66% while the S&P 500 is up 0.27% as of 11:14 AM on Thursday, Feb 29. ARBK is lower by -$0.19 from the previous closing price of $2.48 on volume of 522,472 shares. Over the past year the S&P 500 has risen 28.04% while ARBK is up 34.71%. ARBK lost -$4.36 per share in the over the last 12 months.
More About Argo Blockchain PLC – ADR
Argo Blockchain Plc operates as a blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. It mines using purpose-built computers (or mining machines) to solve cryptographic algorithms in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company was founded in 2017 and is headquartered in London, the United Kingdom.
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