Is Prologis Inc (PLD) a Stock to Watch After Gaining 7.18% This Week?

The market has been high on Prologis Inc (PLD) stock recently. PLD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Prologis Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PLD!

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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. 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 PLD Stock Today?

Prologis Inc (PLD) stock is trading at $145.48 as of 10:53 AM on Thursday, Oct 21, an increase of $2.04, or 1.43% from the previous closing price of $143.44. The stock has traded between $143.83 and $145.95 so far today. Volume today is light. So far 807,366 shares have traded compared to average volume of 2,437,752 shares. To see InvestorsObserver's Sentiment Score for Prologis Inc click here.

More About Prologis Inc

Prologis Inc was formed by the June 2011 merger of AMB Property and ProLogis Trust. The company develops, acquires, and operates over 900 million square feet of high-quality industrial and logistics facilities across the globe. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust. Click Here to get the full Stock Report for Prologis Inc stock.