Is it Time to Dump SL Green Realty Corp (SLG) Stock After it Is Down 4.76% in a Week?

Overall market sentiment has been down on SL Green Realty Corp (SLG) stock lately. SLG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

SL Green Realty Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SLG!

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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 SLG Stock Today?

SL Green Realty Corp (SLG) stock is trading at $33.58 as of 11:35 AM on Wednesday, Nov 22, an increase of $0.32, or 0.96% from the previous closing price of $33.26. The stock has traded between $33.25 and $34.07 so far today. Volume today is below average. So far 157,074 shares have traded compared to average volume of 1,884,538 shares.

More About SL Green Realty Corp

SL Green is one of the largest Manhattan property owner and landlord, with interest in around 35 million square feet of wholly owned and joint venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust. Click Here to get the full Stock Report for SL Green Realty Corp stock.