Global Net Lease Inc. (GNL) Moves Lower on Volume Spike for August 09

Equities Staff  |

Global Net Lease Inc. (GNL) traded on unusually high volume on Aug. 09, as the stock lost 0.59% to close at $22.09. On the day, Global Net Lease Inc. saw 548,603 shares trade hands on 4,271 trades. Considering that the stock averages only a daily volume of 361,519 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $22.53 and $15.55 over the last 52-weeks, its 50-day SMA is now $20.27, and its 200-day SMA $18.62. Global Net Lease Inc. has a P/B ratio of 1.07. It also has a P/E ratio of 96.6.

Global Net Lease Inc is a real estate investment trust that manages a diversified portfolio of commercial real estate properties. It is engaged in the ownership, management, operating, lease, acquisition, investment in, and sale of the portfolio assets.

Headquartered in New York, NY, Global Net Lease Inc. has 1 employees and is currently under the leadership of CEO James L. Nelson.

For a complete fundamental analysis analysis of Global Net Lease Inc., check out Equities.com’s Stock Valuation Analysis report for GNL.

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To get more information on Global Net Lease Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: GNL’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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