Should You Buy Grindrod Shipping Holdings Ltd (GRIN) Stock After it Is Higher By 14.84% in a Week?

Grindrod Shipping Holdings Ltd (GRIN) stock has gained 14.84% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Grindrod Shipping Holdings Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GRIN!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With GRIN Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock is trading at $11.92 as of 12:37 PM on Friday, Oct 13, a loss of -$0.30, or -2.46% from the previous closing price of $12.22. Volume today is above average. So far 59,268 shares have traded compared to average volume of 23,206 shares. The stock has traded between $11.75 and $12.40 so far today. To see InvestorsObserver's Sentiment Score for Grindrod Shipping Holdings Ltd click here.

More About Grindrod Shipping Holdings Ltd

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue. Click Here to get the full Stock Report for Grindrod Shipping Holdings Ltd stock.