Nuveen Floating Rate Income Fund (JFR) stock has gained 1.20% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 JFR Stock Today?
Nuveen Floating Rate Income Fund (JFR) stock is trading at $8.41 as of 1:26 PM on Thursday, Sep 10, a rise of $0.01, or 0.18% from the previous closing price of $8.40. Volume today is high. So far 662,365 shares have traded compared to average volume of 385,998 shares. The stock has traded between $8.33 and $8.41 so far today.
To see InvestorsObserver's Sentiment Score for Nuveen Floating Rate Income Fund click here.
More About Nuveen Floating Rate Income Fund
Nuveen Floating Rate Income Fund is a diversified closed-end management investment company. Its investment objective is to achieve a high level of current income. It invests in adjustable rate loans, primarily secured senior loans.
Click Here to get the full Stock Score Report on Nuveen Floating Rate Income Fund (JFR) Stock.
