Vornado Realty Trust (VNO) : Traders are bullish on Vornado Realty Trust (VNO) as it has outperformed the S&P 500 by a margin of 0.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.89%, 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 3.52% in the last 1 week, and is up 7.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Vornado Realty Trust (NYSE:VNO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $101.82 and $101.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $104.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $103.83, notching a gain of 1.87% for the day. The total traded volume was 1,131,210 . The stock had closed at $101.92 on the previous day.
The stock has recorded a 20-day Moving Average of 4.09% and the 50-Day Moving Average is 6.63%. Vornado Realty Trust is up 9.54% in the last 3-month period. Year-to-Date the stock performance stands at 5.29%.
Vornado Realty Trust (Vornado) is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). The Company is the sole general partner of, and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Companys segments include New York, Washington, DC and Toys R Us (Toys). The Companys other investments includes The Mart, 555 California Street, Vornado Capital Partners Real Estate Fund and Toys R Us, Inc. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.