The market has been high on GigaMedia Limited (GIGM) stock recently. GIGM gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With GIGM Stock Today?
GigaMedia Limited (GIGM) stock has fallen -0.68% while the S&P 500 is up 0.21% as of 1:42 PM on Thursday, Sep 10. GIGM has fallen -$0.02 from the previous closing price of $3.00 on volume of 129,781 shares. Over the past year the S&P 500 is up 14.32% while GIGM is up 21.14%. GIGM lost -$0.11 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for GigaMedia Limited click here.
More About GigaMedia Limited
GigaMedia Ltd is a publisher of online games. It has only one reportable segment, Digital Entertainment service. Digital Entertainment service business operates a portfolio of online games, primarily targeting online game players across Europe, Asia, including Greater China and Southeast Asia. The company's portfolio of online games includes predominantly PC-based, non-cash gambling or casino casual games, including MahJong and various card and table games. The company's product lines include MahJong, AkaSeka, Yume 100, Fun Vegas, and others. The company operates in Taiwan and Hong Kong.
Click Here to get the full Stock Score Report on GigaMedia Limited (GIGM) Stock.
