Overall market sentiment has been high on Granite Construction Inc. (GVA) stock lately. GVA receives a Bullish rating 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.
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 GVA Stock Today?
Granite Construction Inc. (GVA) stock is trading at $40.10 as of 1:19 PM on Wednesday, Mar 31, an increase of $0.85, or 2.17% from the previous closing price of $39.25. The stock has traded between $39.45 and $41.14 so far today. Volume today is above average. So far 551,020 shares have traded compared to average volume of 424,310 shares.
To see the top 5 stocks in the Engineering & Construction industry click here.
More About Granite Construction Inc.
Granite Construction Inc delivers infrastructure solutions for public and private clients in North America. It primarily focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy progress, and other facilities. Granite has three operating segments: construction, large project construction, and construction materials. It owns and leases various plant facilities to produce construction materials to sell to third parties, and for internal use. The company is one of the largest diversified heavy civil contractors and construction materials producers in the United States.
Click Here to get the full Stock Score Report on Granite Construction Inc. (GVA) Stock.
