Where Will Empire State Realty Trust Inc (ESRT) Stock Go Next After It Is Up 1.23% in a Week?

Overall market sentiment has been high on Empire State Realty Trust Inc (ESRT) stock lately. ESRT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Empire State Realty Trust Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ESRT!

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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 ESRT Stock Today?

Empire State Realty Trust Inc (ESRT) stock is trading at $9.91 as of 1:38 PM on Friday, Mar 22, a loss of -$0.23, or -2.27% from the previous closing price of $10.14. The stock has traded between $9.86 and $10.18 so far today. Volume today is less active than usual. So far 237,688 shares have traded compared to average volume of 1,125,256 shares.

More About Empire State Realty Trust Inc

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 10 million square feet of office space, about 80% of which is located in Manhattan. Click Here to get the full Stock Report for Empire State Realty Trust Inc stock.