RPT Realty (RPT) Stock: What Does the Chart Say Wednesday?

Wednesday, December 06, 2023 01:19 PM | InvestorsObserver Analysts

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RPT Realty (RPT) Stock: What Does the Chart Say Wednesday?

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

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

See Full RPT Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With RPT Stock Today?

RPT Realty (RPT) stock is trading at $12.24 as of 1:13 PM on Wednesday, Dec 6, a drop of -$0.15, or -1.21% from the previous closing price of $12.39. Volume today is more active than usual. So far 831,777 shares have traded compared to average volume of 610,724 shares. The stock has traded between $12.22 and $12.43 so far today. To see InvestorsObserver's Sentiment Score for RPT Realty click here.

More About RPT Realty

RPT Realty is a self-managed real estate investment trust that invests in and manages retail properties. The company's property portfolio mainly consists of regional and urban shopping centres in metropolitan areas of the United States, and land available for development or sale. The company generates the majority of revenue from leasing properties to tenants, which include chain stores, supermarkets, homeware and furniture stores, and food retailers. In addition, Ramco-Gershenson Properties Trust derives revenue from managing, leasing, and redeveloping the shopping centres of its joint ventures. Click Here to get the full Stock Report for RPT Realty stock.