Is Star Equity Holdings Inc (STRR) a Stock to Watch After Gaining 16.85% This Week?

Overall market sentiment has been high on Star Equity Holdings Inc (STRR) stock lately. STRR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Star Equity Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on STRR!

See Full STRR Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 STRR Stock Today?

Star Equity Holdings Inc (STRR) stock is trading at $1.04 as of 10:12 AM on Wednesday, Nov 22, an increase of $0.03, or 2.97% from the previous closing price of $1.01. The stock has traded between $1.04 and $1.07 so far today. Volume today is less active than usual. So far 13,509 shares have traded compared to average volume of 51,055 shares.

More About Star Equity Holdings Inc

Star Equity Holdings Inc is a diversified holding company with three divisions: Healthcare, Construction, and Investments. Healthcare division, which operates as Digirad Health and provides products and services in the area of nuclear medical imaging with a focus on cardiac health. Construction division is made up of three operating businesses, KBS Builders, Inc. (KBS), EdgeBuilder, Inc., and Glenbrook Building Supply, Inc. Investments division is an internally focused unit directly supervised by Star Equity management. This entity currently holds corporate-owned real estate, which currently includes three manufacturing facilities in Maine that are leased to KBS, as well as any minority investments made in public and private companies. Click Here to get the full Stock Report for Star Equity Holdings Inc stock.