How Will the Market React to SIGA Technologies, Inc. (SIGA) Stock Getting a Bullish Rating – InvestorsObserver
SIGA Technologies, Inc. (SIGA) stock is up 0.92% over the past week and gets a Bullish rating from InvestorsObserver 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock’s trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver‘s Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What’s Happening With SIGA Stock Today?
SIGA Technologies, Inc. (SIGA) stock is trading at $7.71 as of 10:02 AM on Friday, Dec 23, a decline of -$0.04, or -0.52% from the previous closing price of $7.75. The stock has traded between $7.66 and $7.83 so far today. Volume today is light. So far 42,226 shares have traded compared to average volume of 968,470 shares. To see InvestorsObserver’s Sentiment Score for SIGA Technologies, Inc. click here.
More About SIGA Technologies, Inc.
SIGA Technologies Inc is a commercial-stage pharmaceutical company focused on the health security market. The company’s lead product is TPOXX, an orally administered antiviral drug for the treatment of human smallpox disease caused by the variola virus. Its products target orthopoxvirus infections including smallpox. Click Here to get the full Stock Report for SIGA Technologies, Inc. stock.
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