Wheeler Real Estate Investment Trust, Inc. (WHLR) Shares Tick Up after Upgrade at JMP Securities

Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) shares rose in value in early trading today on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

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%.

Analysts at JMP Securities upgraded shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) from Market Perform to Market Outperform today. The company currently has a rating of Market Outperform on the stock. The one-year price target of $2.50 is higher than the opening price of $1.72, resulting a fair amount of other analysts to report on the company recently. Looking back over the last 52 weeks, Wheeler Real Estate Investment Trust, Inc. stock has a high of $1.95. Stock prices sometimes get a bounce to the upside when analysts upgrade a stock.

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) opened at $1.72 yesterday and traded in a range between, $1.71 and $1.73, and last traded at $1.71, which is a spike of $0.01 compared to the previous closing price.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) currently has a market cap of 116.22M.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) Average Daily Trading Volume

The stock’s average daily volume is 141,584 shares out of a total float 55,379,000 and some 69,042 shares crossed the trading desk yesterday, 39 percent lower than normal. 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 short periods will not mean much 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 is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these retain substantial teams of analysts that research thousands of stocks, so it is good validation to see them buying a stock you’re researching.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) 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 tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.

With that in mind, Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) now has a 50-day MA of $1.64 and 200-day MA of $1.69. It has traded in a 52-week range between $1.10 – 1.95 and today’s last price is 12.31%% lower than the 52 week high of $1.95.

Earnings growth is an important factor to research when buying stocks and investors watch for companies that have raised their earnings by at least 25% for the past 3 years.

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