Should You Buy City Office REIT Inc (CIO) Stock on Thursday?

City Office REIT Inc (CIO) stock has fallen 3.18% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

City Office REIT Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CIO!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CIO Stock Today?

City Office REIT Inc (CIO) stock is trading at $4.26 as of 1:59 PM on Thursday, Sep 28, a rise of $0.30, or 7.58% from the previous closing price of $3.96. The stock has traded between $3.92 and $4.27 so far today. Volume today is 269,652 compared to average volume of 313,780. To screen for more stocks like City Office REIT Inc click here.

More About City Office REIT Inc

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating office properties located in metropolitan areas in the Southern and Western United States. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa. Click Here to get the full Stock Report for City Office REIT Inc stock.