GRWG stock is 3.62% higher on Thursday as cannabis stock rises $ 1.59 and outperforms the market. Overall market sentiment has been high lately for shares of GrowGeneration Corp (GRWG). GRWG receives a bullish rating of Investors Observer Stock sentiment indicator.

What is stock market sentiment?

Sentiment uses short-term technical analysis to assess whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long-term health of the underlying company. Updates for the company, such as a earnings release, can move the title away from current trends.

Recent trends are a good indicator of current market sentiment. In its most basic form, rising stocks are desirable to investors, while currently falling stocks should be unattractive.

Investors ObserverThe sentimental indicator tracks both price and volume changes to analyze the most recent trends. Typically, an increase in volume indicates that the current trends are strengthening, while a decrease in volume usually signals the end of the current trend.

The options available can also represent the current feelings for a given action. Since investors are able to bet on future trends in stocks using options, we consider the call to puts ratio when analyzing market sentiment.

What is happening with the GRWG action today?

GrowGeneration Corp (GRWG) stock is trading at $ 45.56 at 1:06 p.m. on Thursday, June 24, up $ 1.59, or 3.62% from the previous closing price of 43.97 $. The stock has traded between $ 44.38 and $ 46.84 so far today. Today’s volume is 1,312,852 compared to the average volume of 1,585,894.

To have Investors ObserverGrowGeneration Corp sentiment score click here.

Learn more about GrowGeneration Corp

GrowGeneration Corp owns and operates specialty hydroponic and organic gardening retail stores. The company markets and distributes nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening.

Click here for the full GrowGeneration Corp (GRWG) Stock Score Report.