Overall market sentiment has been down on Cornerstone Total Return Fund Inc (CRF) stock lately. CRF receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 CRF Stock Today?
Cornerstone Total Return Fund Inc (CRF) stock is trading at $12.03 as of 11:23 AM on Friday, Apr 16, a drop of -$0.64, or -5.05% from the previous closing price of $12.67. The stock has traded between $11.79 and $12.70 so far today. Volume today is elevated. So far 852,021 shares have traded compared to average volume of 608,559 shares.
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More About Cornerstone Total Return Fund Inc
Cornerstone Total Return Fund Inc is a diversified closed-end management company. Its objective is to seek capital appreciation with current income as a secondary objective. The company invests in sectors such as Information Technology; Health Care; Financials; Communication Services; Industrials; Utilities; Energy; Real Estate and others.
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