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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With EGP Stock Today?
Eastgroup Properties Inc (EGP) stock is trading at $175.78 as of 1:41 PM on Friday, Dec 1, a rise of $2.03, or 1.17% from the previous closing price of $173.75. The stock has traded between $172.81 and $176.52 so far today. Volume today is 290,825 compared to average volume of 310,284.
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More About Eastgroup Properties Inc
EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the acquisition, development, and operation of industrial properties in major urban areas within the Sunbelt region of the United States. The company manages a portfolio of industrial and office buildings mainly clustered around large transportation hubs. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. Properties located in Texas and Florida account for most of EastGroup's total real estate portfolio. The company derives its revenue in the form of rental income from mostly medium-term leases. Bulk distribution and business service space comprise the remainder of East Group's properties.
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