Overall market sentiment has been down on City Office REIT Inc (CIO) stock lately. CIO receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 CIO Stock Today?
City Office REIT Inc (CIO) stock has gained 3.99% while the S&P 500 is lower by -1.16% as of 11:41 AM on Tuesday, Sep 22. CIO has gained $0.29 from the previous closing price of $7.27 on volume of 124,057 shares. Over the past year the S&P 500 has risen 9.67% while CIO is lower by -46.87%. CIO lost -$0.10 per share in the over the last 12 months.
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More About City Office REIT Inc
City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning and operating high-quality office properties located in metropolitan areas in the Southern and Western United States. The company owns more than 20 office complexes comprising approximately 64 office buildings with a total of approximately 5.7 million square feet of net rentable area, located in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, San Diego, Seattle and Tampa.
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