Where Will City Office REIT Inc (CIO) Stock Go Next After It Is Up 14.76% in a Week?

The market has been high on City Office REIT Inc (CIO) stock recently. CIO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

City Office REIT Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CIO!

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What is Stock Sentiment?

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. 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 CIO Stock Today?

City Office REIT Inc (CIO) stock is trading at $4.82 as of 1:46 PM on Thursday, Mar 21, an increase of $0.49, or 11.33% from the previous closing price of $4.33. The stock has traded between $4.35 and $4.92 so far today. Volume today is elevated. So far 436,598 shares have traded compared to average volume of 271,692 shares. To screen for more stocks like City Office REIT Inc click here.

More About City Office REIT Inc

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating office properties located in metropolitan areas in the Southern and Western United States. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa. Click Here to get the full Stock Report for City Office REIT Inc stock.