Regency Centers Corporation (NYSE: REG) shares fell in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, U.S. stocks edged lower Monday, with major indexes retreating from record levels.
The Dow Jones Industrial Average DJIA, -0.31% fell 48 points, or 0.2%, to 19,916, while the S&P 500 index SPX, -0.29% lost 5 points to 2,272, a drop of 0.2%. The Nasdaq Composite Index COMP, -0.03% rose 4 points to 5,529, a gain of about 0.1%.
Raymond James Financial, Inc. analysts reiterated its Market Perform rating on Regency Centers Corporation (NYSE: REG) in a note to investors, making it one of the more closely watched stocks on Wall Street. The company currently has a rating of Market Perform on the stock. The one-year price target of $79.09 is higher than the opening price of $70.34, that has caused a number of other analysts to report on the company recently. Looking back over the last year, Regency Centers Corporation stock has a high of $85.35. Share prices often move to the upside on recommendations and new price targets of professional brokerage firms.
Yesterday Regency Centers Corporation (NYSE: REG) shares last traded at $69.76, which represents a dip of $0.54 over the previous closing price. Opening at $70.34, they ranged from $69.34 and $70.34 throughout the day.
Regency Centers Corporation (NYSE: REG) now has a market cap of 7.27B.
Regency Centers Corporation (NYSE: REG) Average Daily Trading Volume
The stock’s average daily volume is 844,092 shares out of a total float 102,427,000 and some 62,685 shares crossed the trading desk yesterday, 78 percent below the norm. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain teams of analysts that investigate thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
Regency Centers Corporation (NYSE: REG) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind, Regency Centers Corporation (NYSE: REG) now has a 50-day MA of $67.45 and 200-day MA of $75.41. It has traded in a 52-week range between $65.16 – 85.35 and today’s last price is 18.27%% lower than the 52 week high of $85.35.
Earnings growth is a critical factor to look at when buying stocks and investors look for companies that have been successful at growing their earnings by at least 25% over the past 3 years.
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