The market has been high on RLJ Lodging Trust (RLJ) stock recently. RLJ 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.
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 RLJ Stock Today?
RLJ Lodging Trust (RLJ) stock has fallen -5.25% while the S&P 500 has gained 1.61% as of 11:51 AM on Tuesday, Sep 29. RLJ has fallen -$0.47 from the previous closing price of $8.95 on volume of 514,215 shares. Over the past year the S&P 500 is higher by 12.59% while RLJ has fallen -50.09%. RLJ lost -$0.64 per share in the over the last 12 months.
To see the top 5 stocks in the REIT - Hotel & Motel industry click here.
More About RLJ Lodging Trust
RLJ Lodging Trust is a real estate investment trust that acquires focused-service and compact full-service hotels. Its portfolio consists of hotels in various states across the United States and the District of Columbia. The company's hotels are under the Marriott, Hilton, and Hyatt brand names. These hotels are concentrated in urban areas, dense suburban markets, and business districts within metropolitan areas where utmost of their customers are business, leisure, and other travelers. Its revenue streams include hotel operations revenue, which is composed of the sale of rooms, food, and beverages, and other property revenue. The company derives the substantial majority of its revenue from the operation of hotels.
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