Is Safe Bulkers Inc (SB) Stock About to Get Hot Friday?

Overall market sentiment has been high on Safe Bulkers Inc (SB) stock lately. SB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Safe Bulkers Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SB!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SB Stock Today?

Safe Bulkers Inc (SB) stock is trading at $3.71 as of 1:00 PM on Friday, Nov 24, an increase of $0.12, or 3.34% from the previous closing price of $3.59. The stock has traded between $3.58 and $3.71 so far today. Volume today is 430,909 compared to average volume of 412,908.

More About Safe Bulkers Inc

Safe Bulkers Inc operates as a holding company. The company, through its subsidiaries, provides marine dry bulk transportation services. Its other business activities include transporting bulk cargoes, particularly coal, grain, and iron ore. The company's operational fleet comprised of Panamax, Kamsarmax, Post-Panamax and Capesize class vessels among others. Click Here to get the full Stock Report for Safe Bulkers Inc stock.