Do Traders Think Granite Point Mortgage Trust Inc (GPMT) Can Turn Around Friday?

The market has been down on Granite Point Mortgage Trust Inc (GPMT) stock recently. GPMT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Granite Point Mortgage Trust Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GPMT!

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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. 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 GPMT Stock Today?

Granite Point Mortgage Trust Inc (GPMT) stock is lower by -2.9% while the S&P 500 has risen 0.72% as of 10:02 AM on Friday, Sep 29. GPMT is down -$0.14 from the previous closing price of $5.01 on volume of 68,592 shares. Over the past year the S&P 500 is up 16.45% while GPMT is down -34.59%. GPMT lost -$1.43 per share in the over the last 12 months.

More About Granite Point Mortgage Trust Inc

Granite Point Mortgage Trust Inc focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assess each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans, including lease-up, renovation, repositioning, and repurposing of the property. Click Here to get the full Stock Report for Granite Point Mortgage Trust Inc stock.