CBL & Associates Properties (CBL) : Traders are bullish on CBL & Associates Properties (CBL) as it has outperformed the S&P 500 by a margin of 8.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.48%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.09% in the last 1 week, and is up 15.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CBL & Associates Properties (NYSE:CBL): The stock opened at $11.03 on Friday but the bulls could not build on the opening and the stock topped out at $11.22 for the day. The stock traded down to $11.03 during the day, due to lack of any buying support eventually closed down at $11.09 with a loss of -0.18% for the day. The stock had closed at $11.11 on the previous day. The total traded volume was 1,616,129 shares.
The stock has recorded a 20-day Moving Average of 9.69% and the 50-Day Moving Average is 11.8%. CBL & Associates Properties Inc. has dropped 3.45% during the last 3-month period . Year-to-Date the stock performance stands at -5.5%.
CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties. Its properties are located in 27 states, but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of December 31, 2014, the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers, and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.