The market has been down on Eaton Vance Tax-Managed Global Dive Eq (EXG) stock recently. EXG gets a Bearish score from InvestorsObserver's Stock 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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With EXG Stock Today?
Eaton Vance Tax-Managed Global Dive Eq (EXG) stock is trading at $7.54 as of 10:48 AM on Tuesday, Oct 27, a drop of -$0.02, or -0.26% from the previous closing price of $7.56. The stock has traded between $7.53 and $7.58 so far today. Volume today is light. So far 93,024 shares have traded compared to average volume of 712,397 shares.
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More About Eaton Vance Tax-Managed Global Dive Eq
Eaton Vance Tax-Mgd Glbl Div Eq Inc is the United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. The fund invests in a diversified portfolio of domestic and foreign common stocks with an emphasis on dividend-paying stocks and writes call options on one or more U.S. and foreign indices with respect to a portion of the value of its common stock portfolio to generate current cash flow from the options premium received. Its portfolio of investments consists of the capital markets, banks, internet and direct marketing retail, biotechnology, media, oil, gas, and consumable fuels and other sectors.
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