How Will the Market React to United Insurance Holdings Corp (UIHC) Stock Getting a Bearish Rating

Wednesday, August 10, 2022 02:23 PM | InvestorsObserver Analysts

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How Will the Market React to United Insurance Holdings Corp (UIHC) Stock Getting a Bearish Rating

Overall market sentiment has been down on United Insurance Holdings Corp (UIHC) stock lately. UIHC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

United Insurance Holdings Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on UIHC!

See Full UIHC Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 UIHC Stock Today?

United Insurance Holdings Corp (UIHC) stock is trading at $1.15 as of 2:14 PM on Wednesday, Aug 10, an increase of $0.13, or 12.75% from the previous closing price of $1.02. The stock has traded between $1.09 and $1.23 so far today. Volume today is high. So far 196,885 shares have traded compared to average volume of 155,935 shares.

More About United Insurance Holdings Corp

United Insurance Holdings Corp is a holding company primarily engaged in the residential and commercial property and casualty insurance business in the United States. It operates in two segments: Personal Lines, which generates the majority of its revenue; and Commercial Lines. The company sources write and service residential and commercial property and casualty insurance policies using a network of agents and wholly-owned insurance subsidiaries. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies. It also provides commercial multi-peril property insurance. The company's geographical segments are Florida, Gulf, Northeast, and Southeast. Click Here to get the full Stock Report for United Insurance Holdings Corp stock.