CBL & Associates Properties (CBL) : Traders are bullish on CBL & Associates Properties (CBL) as it has outperformed the S&P 500 by a wide margin of 7.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.23%, 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 8.83% in the last 1 week, and is up 11.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 12.94% and the 50-Day Moving Average is 9.79%.
CBL & Associates Properties (NYSE:CBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.81 and $10.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.97, notching a gain of 2.14% for the day. The total traded volume was 3,230,011 . The stock had closed at $10.74 on the previous day.
The company Insiders own 11.62% of CBL & Associates Properties shares according to the proxy statements. Institutional Investors own 92.45% of CBL & Associates Properties shares. In a related news, Mitchell Farzana K, CFO of Cbl & Associates Properties Inc, executed a transaction worth $10,973 on November 10, 2015. A total of 825 shares were purchased at an average price of $13.3. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.