Is International General Insuranc Hldgs Ltd (IGIC) Stock About to Get Hot Friday?

International General Insuranc Hldgs Ltd (IGIC) stock has gained 14.09% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

International General Insuranc Hldgs Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IGIC!

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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. 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 IGIC Stock Today?

International General Insuranc Hldgs Ltd (IGIC) stock is trading at $13.28 as of 10:54 AM on Friday, Dec 22, an increase of $0.85, or 6.84% from the previous closing price of $12.43. The stock has traded between $12.50 and $13.34 so far today. Volume today is below average. So far 39,239 shares have traded compared to average volume of 87,226 shares. To see InvestorsObserver's Sentiment Score for International General Insuranc Hldgs Ltd click here.

More About International General Insuranc Hldgs Ltd

International General Insurance Holdings Ltd is an international specialist commercial insurer and reinsurer, underwriting a diverse portfolio of specialty lines. The company operates in a portfolio of Energy, Property, Construction, Engineering, Ports and Terminal, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors and Officers, Political Violence, Forestry, and Treaty Reinsurance. Its operating segment includes Specialty Longtail; Specialty Short tail and Reinsurance. The company generates maximum revenue in the United Kingdom. Click Here to get the full Stock Report for International General Insuranc Hldgs Ltd stock.