The morning has been bad for the market. The Nasdaq is trading down 2%; the S&P 500 has slipped 1.9%; and the Dow has decreased 1.4%.
The Real Estate Operations sector (IYR) is down 0.1%, outperforming the market overall. Currently, the biggest movers in the sector are:
|Company||Market Cap||Percentage Change|
|Alexander\'s (NYSE:ALX)||$2.34 billion||-25.6%|
|Kennedy-Wilson Holdings (NYSE:KW)||$883.3 million||-2.7%|
|CBRE Group (NYSE:CBG)||$6.58 billion||-2.1%|
|Marriott Vacations (NYSE:VAC)||$1.42 billion||+2.1%|
|Colonial Properties Trust (NYSE:CLP)||$1.84 billion||+1.9%|
|Jones Lang LaSalle (NYSE:JLL)||$3.74 billion||-1.6%|
|Howard (NYSE:HHC)||$2.96 billion||-1.6%|
Taking a 25.6% hit, Alexander's (NYSE:ALX) is currently trading at $341.05 per share. At 10,097 shares, the company's volume so far today is 1.9 times its current daily average.
At $13.48, Kennedy-Wilson Holdings (NYSE:KW) has slipped 2.7%. The company is currently trading a volume of 224,314 shares.
CBRE Group (NYSE:CBG) has fallen 2.1% and is currently trading at $19.57 per share. The company's volume for the day so far is 1.3 million shares, in keeping with its current three-month average.
Marriott Vacations (NYSE:VAC) is at $41.93 per share after an increase of 2.1%. The company is trading at a volume of 157,114 shares.
Colonial Properties Trust (NYSE:CLP) is up 1.9% to reach a current price of $21.27 per share. So far today, the company's volume is 457,513 shares, 0.7 times the current daily average.
Jones Lang LaSalle (NYSE:JLL) has decreased to $83.49 per share, a 1.6% fall. So far today, the company's volume is 151,748 shares.
Howard (NYSE:HHC) is currently trading at a share price of $73.77, a 1.6% decline. With 56,471 shares changing hands so far today, the company's volume is consistent with its average over the last three months.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.