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Is Kimco Realty Corp (KIM) a Stock to Watch After Losing -0.77% This Week?

Wednesday, March 27, 2024 03:42 PM | InvestorsObserver Analysts

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Is Kimco Realty Corp (KIM) a Stock to Watch After Losing -0.77% This Week?

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

Sentiment Score - ,bearish
Kimco Realty Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on KIM!

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. 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 KIM Stock Today?

Kimco Realty Corp (KIM) stock is trading at $19.29 as of 3:38 PM on Wednesday, Mar 27, an increase of $0.48, or 2.55% from the previous closing price of $18.81. The stock has traded between $18.99 and $19.36 so far today. Volume today is below average. So far 2,525,151 shares have traded compared to average volume of 5,154,299 shares. To screen for more stocks like Kimco Realty Corp click here.

More About Kimco Realty Corp

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 541 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet. Click Here to get the full Stock Report for Kimco Realty Corp stock.

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