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 GRIN Stock Today?
Grindrod Shipping Holdings Ltd (GRIN) stock is trading at $28.59 as of 2:16 PM on Tuesday, Apr 19, a rise of $1.97, or 7.39% from the previous closing price of $26.62. The stock has traded between $26.49 and $28.93 so far today. Volume today is more active than usual. So far 548,416 shares have traded compared to average volume of 421,858 shares.
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.
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