Pre-Market Analysis: Hersha Hospitality Trust, CBL & Associates Properties
Inc., Mack-Cali Realty Corp. and Redwood Trust Inc.
LONDON, October 29, 2013
LONDON, October 29, 2013 /PRNewswire/ --
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The U.S. equity market closed on a mixed note on Monday, October 28, 2013. The
S&P gained 0.13%, while the Dow Jones Industrial Average and NASDAQ ended
lower by 0.01% and 0.08%, respectively. Shares in the financial-REITs sector
ended on a lower note, even as the broader market fluctuated between gains and
losses. The major movers in the sector included Hersha Hospitality Trust
(NYSE: HT), CBL & Associates Properties Inc. (NYSE: CBL), Mack-Cali Realty
Corporation (NYSE: CLI), and Redwood Trust Inc. (NYSE: RWT). All these
companies are tracked by AAAResearchReports.com. Free technical research on
HT, CBL, CLI, and RWT can be downloaded upon signing up at:
Shares in Hersha Hospitality Trust finished the day 0.51% lower at $5.80 after
fluctuating between $5.78 and $5.84 during Monday's trading session. A total
of 1.26 million shares were traded, which is below the daily average volume of
1.59 million. The company's shares have gained 3.02% in the previous one
month, underperforming the S&P 500, which has advanced 4.16% during the same
period. Furthermore, Hersha Hospitality Trust's stock is trading above its
50-day and 200-day moving averages of $5.56 and $5.68, respectively. Sign up
and read the complimentary report on HT at:
CBL & Associates Properties Inc.'s stock lost 1.37% on Monday, even as the
broader market finished on a mixed note. The company's shares vacillated
between $20.08 and $20.47 before ending the day at $20.18. A total of 1.67
million shares were traded, which is below the daily average volume of 1.72
million. Despite Monday's pullback, the company's shares have gained 4.99% in
the previous one month, outperforming the S&P 500, which has advanced 4.16%
during the same period. Additionally, CBL & Associates Properties Inc.'s stock
is trading above its 50-day moving average of $19.57. The free report on CBL
can be downloaded by signing up now at:
On Monday, Mack-Cali Realty Corp.'s stock declined to close at $21.37, down
1.97% from the previous day's closing price of $21.80. The company's shares
oscillated between $21.35 and $21.83 during the trading session. A total of
1.28 million shares were traded, which is above the daily average volume of
0.80 million. The company's shares have declined 2.38% in the previous three
trading sessions, underperforming S&P 500, which has gained 0.90% during the
same period. Moreover, Mack-Cali Realty Corp.'s stock is also trading below
its 50-day and 200-day moving averages of $21.57 and $25.30, respectively. A
free report on CLI can be accessed by registering at:
Redwood Trust Inc.'s stock fell by 1.04% on Monday to $18.03 after oscillating
between $17.90 and $18.24 during the trading session. A total of 0.47 million
shares were traded, which is below the daily average volume of 0.90 million.
Despite Monday's losses, the company's shares have gained 7.13% in the
previous three months, compared to a gain of 4.17% the S&P 500 during the same
period. Further, Redwood Trust Inc.'s stock is trading below its 50-day and
200-day moving averages of $18.36 and $19.46, respectively. Register with AAA
Research Reports and download research on RWT for free at:
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