Ginkgo Bioworks Holdings Inc (DNA) stock is down 8.54% over the past week and gets a Bearish 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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What’s Happening With DNA Stock Today?
Ginkgo Bioworks Holdings Inc (DNA) stock is trading at $1.82 as of 11:53 AM on Tuesday, Jan 24, a drop of -$0.03, or -1.63% from the previous closing price of $1.85. The stock has traded between $1.78 and $1.92 so far today. Volume today is below average. So far 4,521,081 shares have traded compared to average volume of 22,439,761 shares.
More About Ginkgo Bioworks Holdings Inc
Ginkgo Bioworks Holdings Inc is building a platform to enable customers to program cells as easily to program computers. The company’s platform is market agnostic and enables biotechnology applications across diverse markets, from food and agriculture to industrial chemicals to pharmaceuticals. Click Here to get the full Stock Report for Ginkgo Bioworks Holdings Inc stock.
