Today's Research: Hersha Hospitality Trust, CBL & Associates Properties Inc.,
Redwood Trust Inc., and Mack-Cali Realty Corp.
Editor Note: For more information about this release, please scroll to bottom.
LONDON, October 3, 2013
LONDON, October 3, 2013 /PRNewswire/ --
On Wednesday, October 2, 2013, all three benchmark indexes of the US equity
market closed lower, with the Dow Jones Industrial Average, the S&P 500, and
the NASDAQ Composite falling by 0.39%, 0.07%, and 0.08%, respectively. Shares
in the financial-REITs sector ended on a lower note, tracking losses in the
broader market. The major movers included Hersha Hospitality Trust (NYSE: HT),
CBL & Associates Properties Inc. (NYSE: CBL), Redwood Trust Inc. (NYSE: RWT),
and Mack-Cali Realty Corporation (NYSE: CLI). AAAResearchReports.com has
completed their technical analysis on HT, CBL, RWT, and CLI and these free
reports are accessible by registering at:
Shares in Hersha Hospitality Trust fell sharply on Wednesday, tracking losses
in the broader market. The company's shares closed the day 1.90% lower at
$5.69 after fluctuating between $5.66 and $5.78 during the trading session. A
total of 1.53 million shares were traded, which is above the daily average
volume of 1.45 million. Despite Wednesday's losses, the company's shares have
advanced 1.07% in the previous three trading sessions and 7.77% in the last
one month, compared to a gain of 0.13% and 3.30% in the S&P 500 during the
respective periods. Additionally, Hersha Hospitality Trust's stock is trading
above its 50-day and 200-day moving averages of $5.50 and $5.49, respectively.
Sign up for free technical research on HT at:
CBL & Associates Properties Inc.'s stock fell by 0.26% on Wednesday, reversing
all of the gains from the previous trading session. The company's shares
closed the day at $19.51 after oscillating between $19.34 and $19.68. A total
of 1.10 million shares were traded, which is below the daily average volume of
1.74 million. CBL & Associates Properties Inc.'s shares have gained 1.51% in
the previous three trading sessions, compared to a gain of 0.13% in the S&P
500 during the same period. Moreover, the company's stock is trading below its
50-day and 200-day moving averages of $20.20 and $21.76, respectively. Be sure
to read our latest technical research on CBL by registering at:
On Wednesday, Redwood Trust Inc.'s stock fell sharply to close at $19.24,
which is 2.68% lower than the previous day's closing price of $19.77. The
company's shares oscillated between $19.21 and $19.84 during the trading
session. A total of 1.30 million shares were traded, which is above the daily
average volume of 0.93 million. The company's shares have gained 12.78% in the
previous three months and 6.65% in the last one month, compared to a gain of
4.86% and 3.30% in the S&P 500 during the respective periods. Additionally,
Redwood Trust Inc.'s stock is trading above its 50-day and 200-day moving
average of $18.01 and 18.89, respectively.
Sign up and read the complimentary report on RWT at:
Shares in Mack-Cali Realty Corp. fell sharply on Wednesday, tracking losses in
the broader market. The company's shares closed the day 1.00% lower at $21.81
after fluctuating between $21.59 and $21.96 during the trading session. A
total of 0.90 million shares were traded, which is above the daily average
volume of 0.74 million. The company's shares have advanced 2.64% in the
previous one month and 10.25% in the last three months, compared to a gain of
3.30% and 4.86% in the S&P 500 during the respective periods. Moreover,
Mack-Cali Realty Corp.'s stock is trading below its 50-day and 200-day moving
averages of $21.92 and $25.08, respectively. The free report on CLI can be
downloaded by signing up now at:
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