Overall market sentiment has been high on Griffon Corporation (GFF) stock lately. GFF receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With GFF Stock Today?
Griffon Corporation (GFF) stock is up 15.52% while the S&P 500 has fallen -0.27% as of 10:54 AM on Friday, Jul 31. GFF is higher by $3.20 from the previous closing price of $20.62 on volume of 193,320 shares. Over the past year the S&P 500 has risen 8.63% while GFF is higher by 45.69%. GFF earned $0.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 25.17.
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More About Griffon Corporation
Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Home and Building Products, and Defense Electronics. The company generates a majority of its revenue from the Home and Building Products segment.
