CBL & Associates Properties (NYSE:CBL) has tumbled 4.76% during the past week and has dropped 4.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.62%. CBL & Associates Properties (NYSE:CBL) has underperformed the index by 5.63% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
CBL & Associates Properties (NYSE:CBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.60 and $9.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.80, notching a gain of 2.19% for the day. The total traded volume was 2,485,746 . The stock had closed at $9.59 on the previous day.
The company shares have dropped -42.56% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $17.59 and the one year low was seen on May 25, 2016. The 50-Day Moving Average price is $10.59 and the 200 Day Moving Average price is recorded at $11.41.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Cbl & Associates Properties Inc, Mitchell Farzana K, had purchased 825 shares in a transaction dated on November 10, 2015. The transaction was executed at $13.3 per share with total amount equaling $10,973.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on CBL & Associates Properties (NYSE:CBL). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs lowers the price target from $12 per share to $10.5 per share. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 11.62% of CBL & Associates Properties shares according to the proxy statements. Institutional Investors own 92.54% of CBL & Associates Properties shares.
CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties. Its properties are located in 27 states, but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of December 31, 2014, the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers, and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.