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Is Rexford Industrial Realty Inc (REXR) Stock About to Get Hot Friday?

Friday, September 23, 2022 01:58 PM | InvestorsObserver Analysts
Is Rexford Industrial Realty Inc (REXR) Stock About to Get Hot Friday?

Overall market sentiment has been down on Rexford Industrial Realty Inc (REXR) stock lately. REXR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Rexford Industrial Realty Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on REXR!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With REXR Stock Today?

Rexford Industrial Realty Inc (REXR) stock is trading at $56.28 as of 1:55 PM on Friday, Sep 23, a decline of -$0.41, or -0.72% from the previous closing price of $56.69. The stock has traded between $56.11 and $57.25 so far today. Volume today is less active than usual. So far 638,230 shares have traded compared to average volume of 1,005,716 shares. To see InvestorsObserver's Sentiment Score for Rexford Industrial Realty Inc click here.

More About Rexford Industrial Realty Inc

Rexford Industrial Realty Inc is a real estate investment trust primarily engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford's real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company's largest tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries. Click Here to get the full Stock Report for Rexford Industrial Realty Inc stock.

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