Is Grindrod Shipping Holdings Ltd (GRIN) a Stock to Watch After Losing 0.00% This Week?

Overall market sentiment has been high on Grindrod Shipping Holdings Ltd (GRIN) stock lately. GRIN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 GRIN Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock is trading at $23.75 as of 3:11 PM on Friday, Sep 30, an increase of $0.57, or 2.46% from the previous closing price of $23.18. The stock has traded between $23.09 and $23.80 so far today. Volume today is below average. So far 150,544 shares have traded compared to average volume of 315,143 shares. To screen for more stocks like 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.