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Should You Buy TOP SHIPS Inc (TOPS) Stock on Wednesday?

Wednesday, January 13, 2021 02:40 PM | InvestorsObserver Analysts
Should You Buy TOP SHIPS Inc (TOPS) Stock on Wednesday?

TOP SHIPS Inc (TOPS) stock has gained 24.03% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
TOP SHIPS Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TOPS!

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 TOPS Stock Today?

TOP SHIPS Inc (TOPS) stock has fallen -6.98% while the S&P 500 is higher by 0.48% as of 2:36 PM on Wednesday, Jan 13. TOPS is down -$0.12 from the previous closing price of $1.72 on volume of 4,061,154 shares. Over the past year the S&P 500 has gained 16.16% while TOPS is down -92.47%. TOPS lost -$114.05 per share in the over the last 12 months.

To see the top 5 stocks in the Marine Shipping industry click here.

More About TOP SHIPS Inc

TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time charter agreements.

Click Here to get the full Stock Score Report on TOP SHIPS Inc (TOPS) Stock.

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