The market has been high on Granite Point Mortgage Trust Inc (GPMT) stock recently. GPMT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Granite Point Mortgage Trust Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GPMT!
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.
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 GPMT Stock Today?
Granite Point Mortgage Trust Inc (GPMT) stock is trading at $5.98 as of 12:00 PM on Thursday, Dec 15, a loss of -$0.56, or -8.56% from the previous closing price of $6.54. The stock has traded between $5.90 and $6.32 so far today. Volume today is 852,220 compared to average volume of 740,169.
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More About Granite Point Mortgage Trust Inc
Granite Point Mortgage Trust Inc focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assess each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans, including lease-up, renovation, repositioning, and repurposing of the property.
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