Orchid Island Capital Inc (ORC) stock has fallen 13.41% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Orchid Island Capital Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ORC!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 ORC Stock Today?
Orchid Island Capital Inc (ORC) stock is trading at $2.84 as of 9:59 AM on Friday, Aug 19, a decline of -$0.12, or -3.9% from the previous closing price of $2.95. The stock has traded between $2.83 and $2.94 so far today. Volume today is low. So far 1,924,038 shares have traded compared to average volume of 2,602,491 shares.
More About Orchid Island Capital Inc
Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans.
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