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Is Western Asset Intermediate Muni Fund Inc (SBI) Stock About to Get Hot Tuesday?

Tuesday, June 22, 2021 02:51 PM | InvestorsObserver Analysts

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Is Western Asset Intermediate Muni Fund Inc (SBI) Stock About to Get Hot Tuesday?

The market has been neutral on Western Asset Intermediate Muni Fund Inc (SBI) stock recently. SBI gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,neutral
Western Asset Intermediate Muni Fund Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SBI!

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.

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 SBI Stock Today?

Western Asset Intermediate Muni Fund Inc (SBI) stock has fallen -0.51% while the S&P 500 is higher by 0.42% as of 2:40 PM on Tuesday, Jun 22. SBI has fallen -$0.05 from the previous closing price of $9.71 on volume of 107,511 shares. Over the past year the S&P 500 has risen 36.07% while SBI is higher by 12.98%. SBI earned $0.29 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 33.09.

To see the top 5 stocks in the Asset Management industry click here.

More About Western Asset Intermediate Muni Fund Inc

Western Asset Intermediate Muni Fd Inc is a closed-end management investment company. The fund's objective is to provide a high level of current income exempt from Federal income taxes.

Click Here to get the full Stock Score Report on Western Asset Intermediate Muni Fund Inc (SBI) Stock.

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