Simon Property (SPG) in Focus: Stock Moves 5.3% Higher
Simon Property Group, Inc. SPG was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $60.42 –$66.59 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Simon Property currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Simon Property Group, Inc. Price
Simon Property Group, Inc. price | Simon Property Group, Inc. Quote
A better-ranked stock in the Finance sector is Credit Suisse Group AG CS, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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