CBL & Associates Properties (CBL) : Traders are bullish on CBL & Associates Properties (CBL) as it has outperformed the S&P 500 by a wide margin of 11.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.58%, 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 3.1% in the last 1 week, and is up 11.79% 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 5.23% and the 50-Day Moving Average is 18.22%.The 200 Day SMA reached 22.98%. CBL & Associates Properties Inc. is up 48.61% in the last 3-month period. Year-to-Date the stock performance stands at 16.32%.
CBL & Associates Properties (NYSE:CBL): After opening at $13.67, the stock dipped to an intraday low of $13.43 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.83 and the buying power remained strong till the end. The stock closed at $13.65 for the day, a gain of 0.37% for the day session. The total traded volume was 3,094,153. The stocks close on the previous trading day was $13.6.
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.