The market has been high on High Tide Inc (HITIF) stock recently. HITIF gets a Bullish score 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 HITIF Stock Today?
High Tide Inc (HITIF) stock is trading at $0.14 as of 2:09 PM on Wednesday, Sep 16, a drop of -$0.01, or -4.4% from the previous closing price of $0.15. The stock has traded between $0.14 and $0.16 so far today. Volume today is more active than usual. So far 590,064 shares have traded compared to average volume of 172,891 shares.
To screen for more stocks like High Tide Inc click here.
More About High Tide Inc
High Tide Inc is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. High Tide’s aim to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
Click Here to get the full Stock Score Report on High Tide Inc (HITIF) Stock.