Granite Point Mortgage Trust Inc (GPMT) stock has risen 15.75% over the past week and gets a Bullish rating from InvestorsObserver's 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 GPMT Stock Today?
Granite Point Mortgage Trust Inc (GPMT) stock is trading at $7.13 as of 11:51 AM on Tuesday, Sep 29, a gain of $0.27, or 3.94% from the previous closing price of $6.86. The stock has traded between $7.03 and $8.02 so far today. Volume today is elevated. So far 1,362,575 shares have traded compared to average volume of 826,570 shares.
To see the top 5 stocks in the REIT - Mortgage industry click here.
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.
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