The market has been high on Virtus Global Multi-Sector Income Fund (VGI) stock recently. VGI gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 VGI Stock Today?
Virtus Global Multi-Sector Income Fund (VGI) stock is trading at $10.18 as of 11:42 AM on Wednesday, May 27, a decline of -$0.28, or -2.68% from the previous closing price of $10.46. The stock has traded between $9.79 and $10.40 so far today. Volume today is more active than usual. So far 151,092 shares have traded compared to average volume of 71,257 shares.
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More About Virtus Global Multi-Sector Income Fund
Virtus Global Multi-Sector Inc is the United States-based diversified, closed-end management investment company. Its investment objective is to maximize current income while preserving capital.
