What is the Market's View on Grindrod Shipping Holdings Ltd (GRIN) Stock's Price and Volume Trends Tuesday?

The market has been high on Grindrod Shipping Holdings Ltd (GRIN) stock recently. GRIN gets a Bullish score from InvestorsObserver Stock 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?

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. 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 GRIN Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock is trading at $18.99 as of 3:53 PM on Tuesday, Jun 28, a decline of -$0.60, or -3.06% from the previous closing price of $19.59. The stock has traded between $18.81 and $19.80 so far today. Volume today is light. So far 170,337 shares have traded compared to average volume of 439,380 shares. To screen for more stocks like 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.