The stock of CBL CORP FPO NZX (ASX:CBL) hit a new 52-week high and has $8.50 target or 140.00% above today’s $3.54 share price. The 9 months bullish chart indicates low risk for the $ company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $8.50 price target is reached, the company will be worth $ more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.12% or $0.04 on October 18, hitting $3.54. About 59,093 shares traded hands. CBL CORP FPO NZX (ASX:CBL) has risen 63.13% since March 22, 2016 and is uptrending. It has outperformed by 57.65% the S&P500.
More notable recent CBL CORP FPO NZX (ASX:CBL) news were published by: Fool.com.Au which released: “3 under-the-radar growth stocks for your watch list” on September 27, 2016, also Fool.com.Au with their article: “3 under-the-radar small-caps for your watch list” published on July 19, 2016, Fool.com.Au published: “5 shares ideas from a top fund manager” on October 03, 2016. More interesting news about CBL CORP FPO NZX (ASX:CBL) were released by: Fool.com.Au and their article: “A large, mid and small cap stock I’d buy with $30000” published on September 01, 2016 as well as Fool.com.Au‘s news article titled: “3 cheap mid cap stocks for your growth portfolio” with publication date: August 14, 2016.
CBL Company Profile
CBL & Associates Properties, Inc. (CBL), incorporated on July 13, 1993, is a self-managed, self-administered, integrated real estate investment trust (REIT). The Firm owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. The Company’s divisions are Malls, Associated Centers, Community Centers and All Other. The Company’s properties are located in over 30 states, and are primarily located in the southeastern and midwestern United States. It conducts its business through CBL & Associates Limited Partnership (the Operating Partnership). It is the owner of two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc.
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