Equity Commonwealth (NYSE:EQC) has risen sharply, recording gains of 0.45% in the past 4 weeks. However, the stock has corrected -0.24% in the past 1 week, providing a good buying opportunity on dips. Equity Commonwealth (NYSE:EQC) : During the past 4 weeks, traders have been relatively bearish on Equity Commonwealth (NYSE:EQC), hence the stock is down -1.15% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.5% relative to the S&P 500.
The company shares have rallied 10.76% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $29.80 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $28.99 and the 200 Day Moving Average price is recorded at $27.80.
The stock has recorded a 20-day Moving Average of 0.96% and the 50-Day Moving Average is 2.11%.
Equity Commonwealth (NYSE:EQC): On Fridays trading session , Opening price of the stock was $29.49 with an intraday high of $29.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.33. However, the stock managed to close at $29.34, a loss of 0.07% for the day. On the previous day, the stock had closed at $29.36. The total traded volume of the day was 1,056,971 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Equity Commonwealth, Markman Adam Scott had purchased shares worth of $122,445 in a transaction dated on August 10, 2015. A total of 4,500 shares were purchased at a price of $27.21 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Equity Commonwealth (EQC) is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation primarily of office buildings in central business district (CBD) and suburban locations throughout the United States. The Companys two reportable segments include CBD properties and suburban properties. Its portfolio consists of 156 properties (262 buildings) with a combined 42.9 million square feet. The Companys portfolio comprises 40 properties (53 buildings) with a combined 21.9 million square feet located in CBD locations and 116 properties (209 buildings) with a combined 21.0 million square feet located in suburban locations. Eleven of its properties (11 buildings) with a combined 1.8 million square feet are located in Australia. The Companys properties are leased to approximately 1,800 tenants. Its principal source of funds for its operations is rents from tenants at its properties.