Vornado Realty Trust (VNO) : Traders are bullish on Vornado Realty Trust (VNO) as it has outperformed the S&P 500 by a wide margin of 3.92% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.44% in the last 1 week, and is up 7.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.81% and the 50-Day Moving Average is 9.35%. Vornado Realty Trust is up 12.94% in the last 3-month period. Year-to-Date the stock performance stands at 8.91%.
Vornado Realty Trust (NYSE:VNO): stock turned positive on Friday. Though the stock opened at $105.49, the bulls momentum made the stock top out at $107.62 level for the day. The stock recorded a low of $105.3978 and closed the trading day at $107.4, in the green by 1.79%. The total traded volume for the day was 991,973. The stock had closed at $105.51 in the previous days trading.
Vornado Realty Trust (Vornado) is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). The Company is the sole general partner of, and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Companys segments include New York, Washington, DC and Toys R Us (Toys). The Companys other investments includes The Mart, 555 California Street, Vornado Capital Partners Real Estate Fund and Toys R Us, Inc. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.