Is SL Green Realty Corp (SLG) a Stock to Watch After Gaining 0.42% This Week?

SL Green Realty Corp (SLG) stock has gained 0.42% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

SL Green Realty Corp has a Bullish 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. 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 SLG Stock Today?

SL Green Realty Corp (SLG) stock is trading at $53.16 as of 1:07 PM on Monday, Apr 1, a decline of -$1.96, or -3.56% from the previous closing price of $55.12. The stock has traded between $52.80 and $55.36 so far today. Volume today is below average. So far 453,710 shares have traded compared to average volume of 1,109,964 shares. To see InvestorsObserver's Sentiment Score for SL Green Realty Corp click here.

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.