What is the Market's View on Essex Property Trust Inc (ESS) Stock's Price and Volume Trends Monday?

The market has been high on Essex Property Trust Inc (ESS) stock recently. ESS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Essex Property Trust Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ESS!

See Full ESS Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ESS Stock Today?

Essex Property Trust Inc (ESS) stock is trading at $240.05 as of 3:52 PM on Monday, Apr 1, a loss of -$4.76, or -1.94% from the previous closing price of $244.81. The stock has traded between $239.39 and $246.48 so far today. Volume today is light. So far 136,244 shares have traded compared to average volume of 411,533 shares. To screen for more stocks like Essex Property Trust Inc click here.

More About Essex Property Trust Inc

Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle. Click Here to get the full Stock Report for Essex Property Trust Inc stock.