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Where Will Simon Property Group Inc (SPG) Stock Go Next After It Has Gained 6.02% in a Week?

Friday, December 01, 2023 02:52 PM | InvestorsObserver Analysts

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Where Will Simon Property Group Inc (SPG) Stock Go Next After It Has Gained 6.02% in a Week?

Simon Property Group Inc (SPG) stock is up 6.02% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Simon Property Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SPG!

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. 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 SPG Stock Today?

Simon Property Group Inc (SPG) stock is trading at $128.11 as of 2:43 PM on Friday, Dec 1, a gain of $3.16, or 2.53% from the previous closing price of $124.95. The stock has traded between $124.64 and $128.55 so far today. Volume today is low. So far 936,888 shares have traded compared to average volume of 1,470,918 shares.

More About Simon Property Group Inc

Simon Property Group is the second- largest real estate investment trust in the United States. Its portfolio includes an interest in 207 properties: 119 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and five other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries. Click Here to get the full Stock Report for Simon Property Group Inc stock.

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