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Why Simon Property’s Stock Has Gained Momentum Recently

Andrew Brunton
Why Simon Property’s Stock Has Gained Momentum Recently

What Lies Ahead for Simon Property in the Second Half of 2018? After a weak performance in the first half of 2018 with returns of about -1%, Simon Property Group (SPG) stock has been gaining solid momentum recently and even hit a new 52-week high of $179.45 on August 3. The company also saw a notable YoY (year-over-year) improvement in its top and bottom lines, which suggests that Simon Property’s initiatives to drive mall traffic amid a challenging retail environment are headed in the right direction.