Equity Commonwealth (EQC) : During the past 4 weeks, traders have been relatively bearish on Equity Commonwealth (EQC), hence the stock is down -4.74% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.24% 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 0.37% in the last 1 week, and is up 1.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Equity Commonwealth (NYSE:EQC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.32 and $29.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.45, notching a gain of 0.03% for the day. The total traded volume was 1,003,293 . The stock had closed at $29.44 on the previous day.
The stock has recorded a 20-day Moving Average of 0.43% and the 50-Day Moving Average is 1.76%. Equity Commonwealth is up 7.88% in the last 3-month period. Year-to-Date the stock performance stands at 6.2%.
Equity Commonwealth (EQC) is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation primarily of office buildings in central business district (CBD) and suburban locations throughout the United States. The Companys two reportable segments include CBD properties and suburban properties. Its portfolio consists of 156 properties (262 buildings) with a combined 42.9 million square feet. The Companys portfolio comprises 40 properties (53 buildings) with a combined 21.9 million square feet located in CBD locations and 116 properties (209 buildings) with a combined 21.0 million square feet located in suburban locations. Eleven of its properties (11 buildings) with a combined 1.8 million square feet are located in Australia. The Companys properties are leased to approximately 1,800 tenants. Its principal source of funds for its operations is rents from tenants at its properties.