Five Star Quality Care: The Losing Streak Continues (FVE)
Published on Mon, 11/21/2011 - 15:38 By Adrienne Chilton
Shares of Five Star Quality Care (AMEX:FVE) traded today at $2.21, breaking its 52-week low. So far today approximately 176,000 shares have been exchanged, as compared to an average 30-day volume of 306,000 shares.
In the past 52 weeks, shares of Five Star Quality Care have traded between the current low of $2.21 and a high of $8.95 and are now at $2.23. The 200-day and 50-day moving averages have moved 1.9% lower and 2.11% lower over the past week, respectively.
Potential upside of 101.3% exists for Five Star Quality Care, based on a current level of $2.23 and analysts' average consensus price target of $4.50. The stock should run into initial resistance at its 50-day moving average (MA) of $2.71 and subsequent resistance at its 200-day MA of $5.48.
Five Star Quality Care, Inc. leases and operates senior living facilities, including facilities owned by Senior Housing Properties Trust. The Company's facilities contain nursing home beds and independent and assisted living units.
Tradebenz Pleased to see you are still here. Seems like a lifetime ago we were two of the few posting on the FVE board.
Question: From the 8K.
What is going on here?
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 22, 2011, Five Star Quality Care, Inc., or the Company, entered into a letter agreement, dated November 18, 2011, with Rosemary Esposito, the Company's Senior Vice President and Chief Operating Officer. Pursuant to the letter agreement, Ms. Esposito will resign from the Company effective December 31, 2012, subject to her earlier termination. Until her resignation under the letter agreement, Ms. Esposito will continue to serve as the Company's Senior Vice President and Chief Operating Officer, provided that the Company may transition her role to a consultant any time after June 30, 2012, which transitioning would not modify the Company's obligations under the letter agreement. Under the letter agreement, the Company will continue to pay Ms. Esposito a base salary of $300,000 per annum through December 31, 2012, and bonuses of not less than $440,000 for the calendar year 2011 and $484,000 for the calendar year 2012.