The market has been high on Extra Space Storage Inc (EXR) stock recently. EXR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Extra Space Storage Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EXR!
What is Stock Sentiment?
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.
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 EXR Stock Today?
Extra Space Storage Inc (EXR) stock is trading at $134.18 as of 2:33 PM on Friday, Dec 1, an increase of $4.01, or 3.08% from the previous closing price of $130.17. The stock has traded between $130.05 and $134.18 so far today. Volume today is low. So far 366,130 shares have traded compared to average volume of 1,538,858 shares.
To see InvestorsObserver's Sentiment Score for Extra Space Storage Inc click here.
More About Extra Space Storage Inc
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,100 self-storage properties in 41 states, with over 160 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
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