It's been a quiet morning for the market. The Nasdaq is unchanged; the S&P 500 remains relatively unchanged; and the Dow has remained steady.
While the market overall has shown little change, the Real Estate Operations sector (IYR) is up 0.2% and its current biggest movers are:
|Company||Market Cap||Percentage Change|
|General Growth Properties (NYSE:GGP)||$18.82 billion||-3.1%|
|Alexander\'s (NYSE:ALX)||$1.73 billion||+1.3%|
|Realogy (NYSE:RLGY)||$5.8 billion||+1.3%|
|St. Joe (NYSE:JOE)||$2.17 billion||-1.3%|
|Extra Space Storage (NYSE:EXR)||$4.06 billion||+1.2%|
|McGrath (Nasdaq:MGRC)||$747.2 million||-1%|
|Mid America Apartment Communities (NYSE:MAA)||$2.75 billion||+1%|
At $19.43, General Growth Properties (NYSE:GGP) has slipped 3.1%. This morning, the company is trading a volume of 9.8 million shares. This is 3.1 times the average volume over the last three months.
Alexander's (NYSE:ALX) is up 1.3% to reach a current price of $343 per share. The company's volume is currently 1,125 shares for the day, 0.1 times the average daily volume.
Realogy (NYSE:RLGY) has risen 1.3% to hit a current price of $41.93 per share. So far today, 173,835 shares have changed hands.
Falling 1.3%, St. Joe (NYSE:JOE) is currently at a share price of $23.19. The company's volume is currently 73,037 shares for the day, while it was 744,363 shares yesterday.
Extra Space Storage (NYSE:EXR) has moved up 1.2% and is currently trading at $37.30 per share. The company's volume for the day so far is 137,289 shares. This is 0.2 times its current three-month average.
Slipping 1%, McGrath (Nasdaq:MGRC) is currently trading at $29.81 per share. At 8,889 shares, the company's volume so far today is 0.1 times the current daily average.
Increasing 1%, Mid America Apartment Communities (NYSE:MAA) is trading at $65.78 per share. This morning, the company is trading a volume of 56,065 shares.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.