Do Traders View Washington Prime Group Inc (WPG) Stock's Current Trend Positively?

Tuesday, November 24, 2020 11:16 AM | InvestorsObserver Analysts

Washington Prime Group Inc (WPG) stock has gained 94.37% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Washington Prime Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WPG!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

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 WPG Stock Today?

Washington Prime Group Inc (WPG) stock is trading at $1.38 as of 11:12 AM on Tuesday, Nov 24, a rise of $0.40, or 40.42% from the previous closing price of $0.98. The stock has traded between $1.08 and $1.45 so far today. Volume today is above average. So far 13,209,241 shares have traded compared to average volume of 6,016,643 shares.

To see InvestorsObserver's Sentiment Score for Washington Prime Group Inc click here.

More About Washington Prime Group Inc

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida.It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.

Click Here to get the full Stock Score Report on Washington Prime Group Inc (WPG) Stock.

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