Is Cornerstone Strategic Value Fund Inc. (CLM) Stock About to Get Hot Monday?

The market has been high on Cornerstone Strategic Value Fund Inc. (CLM) stock recently. CLM gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Cornerstone Strategic Value Fund Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CLM!

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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. 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 CLM Stock Today?

Cornerstone Strategic Value Fund Inc. (CLM) stock is trading at $14.47 as of 2:11 PM on Monday, Nov 8, a rise of $0.15, or 1.01% from the previous closing price of $14.32. Volume today is 1,217,978 compared to average volume of 980,619. The stock has traded between $14.36 and $14.47 so far today.

More About Cornerstone Strategic Value Fund Inc.

The investment seeks long-term capital appreciation through investment in equity securities of U.S. and non-U.S. companies. The fund's portfolio normally will consist principally of the equity securities of U.S. and non-U.S. companies. It invests in common stocks and may also invest in preferred stocks, rights, warrants and securities convertible into common stocks that are listed on stock exchanges or traded over the counter. Although the fund has the ability to invest a significant portion of its assets in non-U.S. companies, it has consistently maintained the investment of at least 95% of its assets in U.S. listed companies since June 30, 2001. Click Here to get the full Stock Report for Cornerstone Strategic Value Fund Inc. stock.