Grindrod Shipping Holdings Ltd (GRIN) Stock: What Does the Chart Say Wednesday?

The market has been down on Grindrod Shipping Holdings Ltd (GRIN) stock recently. GRIN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Grindrod Shipping Holdings Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GRIN!

See Full GRIN Report

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 GRIN Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock has gained 0.23% while the S&P 500 has fallen -0.75% as of 10:30 AM on Wednesday, Jan 31. GRIN has gained $0.02 from the previous closing price of $8.87 on volume of 1,244 shares. Over the past year the S&P 500 is higher by 21.66% while GRIN has fallen -38.05%. GRIN lost -$0.61 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Grindrod Shipping Holdings Ltd click here.

More About Grindrod Shipping Holdings Ltd

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue. Click Here to get the full Stock Report for Grindrod Shipping Holdings Ltd stock.