Overall market sentiment has been high on Granite Construction Inc. (GVA) stock lately. GVA receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Granite Construction Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GVA!
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.
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 GVA Stock Today?
Granite Construction Inc. (GVA) stock is trading at $38.12 as of 3:26 PM on Friday, Jun 2, a gain of $1.70, or 4.67% from the previous closing price of $36.42. The stock has traded between $36.89 and $38.18 so far today. Volume today is below average. So far 120,061 shares have traded compared to average volume of 483,265 shares.
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, tunnels and other infrastructure-related projects, transit facilities, airports and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy progress and other facilities. Its operating segment includes Construction and Materials. The company generates maximum revenue from Construction segment.
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