Life Storage Inc (LSI) stock has risen 4.95% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Life Storage Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LSI!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 LSI Stock Today?
Life Storage Inc (LSI) stock is trading at $140.47 as of 11:39 AM on Wednesday, Dec 8, a decline of -$1.29, or -0.91% from the previous closing price of $141.76. The stock has traded between $140.00 and $143.10 so far today. Volume today is below average. So far 248,424 shares have traded compared to average volume of 482,291 shares.
To see InvestorsObserver's Sentiment Score for Life Storage Inc click here.
More About Life Storage Inc
Life Storage, Inc (which was rebranded from Sovran Self Storage, Inc in 2016) is a fully integrated, real estate investment trust that acquires and manages self-storage properties throughout the United States. The company operates under the brand names Life Storage. Approximately under half of the company's revenue is derived from stores in the states of Texas and Florida. The remainder of sales is distributed across the United States. The company's operations in rental income from customers renting storage space on a month-to-month basis generates a majority of operating revenue. The company also offers storage to both individual of commercial renters and has special storage units available for vehicles and wine.
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