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Should You Buy Washington Prime Group Inc (WPG) Stock on Friday?

Friday, January 08, 2021 02:28 PM | InvestorsObserver Analysts

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Should You Buy Washington Prime Group Inc (WPG) Stock on Friday?

Washington Prime Group Inc (WPG) stock is up 36.25% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Washington Prime Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WPG!

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 WPG Stock Today?

Washington Prime Group Inc (WPG) stock has gained 11.43% while the S&P 500 is lower by -0.07% as of 2:18 PM on Friday, Jan 8. WPG has risen $0.91 from the previous closing price of $7.96 on volume of 1,108,629 shares. Over the past year the S&P 500 is up 16.85% while WPG is lower by -72.39%. WPG lost -$4.96 per share in the over the last 12 months.

To screen for more stocks like Washington Prime Group Inc click here.

More About Washington Prime Group Inc

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida.It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.

Click Here to get the full Stock Score Report on Washington Prime Group Inc (WPG) Stock.

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