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What is the Market's View on Pebblebrook Hotel Trust (PEB) Stock's Price and Volume Trends Wednesday?

Wednesday, November 29, 2023 01:47 PM | InvestorsObserver Analysts

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What is the Market's View on Pebblebrook Hotel Trust (PEB) Stock's Price and Volume Trends Wednesday?

The market has been high on Pebblebrook Hotel Trust (PEB) stock recently. PEB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Pebblebrook Hotel Trust has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PEB!

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. 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 PEB Stock Today?

Pebblebrook Hotel Trust (PEB) stock is lower by -0.23% while the S&P 500 has risen 0.22% as of 1:35 PM on Wednesday, Nov 29. PEB is lower by -$0.03 from the previous closing price of $12.88 on volume of 741,201 shares. Over the past year the S&P 500 is up 15.16% while PEB is lower by -19.69%. PEB lost -$0.93 per share in the over the last 12 months. To screen for more stocks like Pebblebrook Hotel Trust click here.

More About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust currently owns upper-upscale and luxury hotels with 13,247 rooms across 53 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 U.S. hotels, in December 2018, the company current Pebblebrook CEO founded in 1998, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands. Click Here to get the full Stock Report for Pebblebrook Hotel Trust stock.

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