Do Traders Think Blackrock Multi-Sector Income Trust (BIT) Can Turn Around Monday?

Overall market sentiment has been down on Blackrock Multi-Sector Income Trust (BIT) stock lately. BIT receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Blackrock Multi-Sector Income Trust has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BIT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 BIT Stock Today?

Blackrock Multi-Sector Income Trust (BIT) stock is trading at $16.15 as of 10:50 AM on Monday, Jan 24, a decline of -$0.54, or -3.24% from the previous closing price of $16.69. The stock has traded between $16.00 and $16.50 so far today. Volume today is above average. So far 200,735 shares have traded compared to average volume of 138,551 shares. To see InvestorsObserver's Sentiment Score for Blackrock Multi-Sector Income Trust click here.

More About Blackrock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust is a closed-end investment management company. It invests on behalf of its clients. The fund's primary investment objective is to provide a high level of current income, with a secondary objective of capital appreciation. It has investments in the sectors such as oil, gas and consumable fuels, auto components, automobiles, banks, beverages, biotechnology, aerospace and defence, air freight and logistics, airlines, capital markets, chemicals, commercial services and supplies, communications equipment, diversified financial services, diversified telecommunication services, healthcare providers and services, and others. Click Here to get the full Stock Report for Blackrock Multi-Sector Income Trust stock.