The I-Mab ADR (IMAB) share gained 5.28% in the past week and received a bullish rating from the InvestorsObserver Sentiment Indicator.
I-Mab ADR has a bullish sentiment reading. Find out what this means to you and get the rest of the leaderboard on IMAB!
What is stock sentiment?
When it comes to investing, sentiment generally means whether or not a particular security is preferred by investors. It’s usually a fairly short-term metric that relies entirely on technical analysis. That said, it has nothing to do with the health or profitability of the underlying business.
Sentiment is how investors or the market think about a stock. There are many ways to measure mood. At its core, the mood is pretty easy to understand. When a stock is rising, investors need to be bullish, while when it is falling, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator examines the price development over the past week and also takes into account changes in volume. Increasing the volume can mean that a trend is getting stronger, while decreasing the volume can mean that a trend is nearing a conclusion.
For stocks with options, our system also takes into account the balance between calls, which are often bets that the price will go up, and puts, which are often bets that the price will go down.
What happens to IMAB Stock today?
The I-Mab ADR (IMAB) stock is down -2.74% while the S&P 500 is up 0.02% at 11:05 a.m. on Tuesday, May 18. IMAB is down – $ 1.74 from its previous closing price of $ 63.60 on a volume of 268,965 shares. Last year the S&P 500 gained 40.97% while the IMAB gained 201.76%. IMAB has earned $ 1.07 per share over the past 12 months, which is a value of 57.82.
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More about I-Mab ADR
I-MAB is a clinical-stage biopharmaceutical company committed to the discovery, development and commercialization of novel or highly differentiated biologics for the treatment of diseases of significant unmet medical need, particularly cancer and autoimmune diseases. The company’s drug candidates are TJ202 for multiple myeloma / autoimmune diseases, TJ101 for pediatric growth hormone deficiency, TJ301 for ulcerative colitis / autoimmune diseases, enoblituzumab for head and neck cancer / oncology, and TJ107 for oncological lymphopenia.
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