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Should You Buy Urban Edge Properties (UE) Stock on Friday?

Friday, March 22, 2024 01:27 PM | InvestorsObserver Analysts

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Should You Buy Urban Edge Properties (UE) Stock on Friday?

Overall market sentiment has been high on Urban Edge Properties (UE) stock lately. UE receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Urban Edge Properties has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UE!

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. 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 UE Stock Today?

Urban Edge Properties (UE) stock is trading at $16.84 as of 1:13 PM on Friday, Mar 22, a decline of -$0.36, or -2.09% from the previous closing price of $17.20. The stock has traded between $16.81 and $17.23 so far today. Volume today is below average. So far 209,786 shares have traded compared to average volume of 954,155 shares. To screen for more stocks like Urban Edge Properties click here.

More About Urban Edge Properties

Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants. Click Here to get the full Stock Report for Urban Edge Properties stock.

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