Market Runner: Is Selling 52-Week Stock Like Care Capital Properties Inc a Winning Strategy?

Market Runner: Is Selling 52 Week Stock Like Care Capital Properties Inc a Winning Strategy?

The stock of Care Capital Properties Inc (NYSE:CCP) hit a new 52-week low and has $21.67 target or 6.00% below today’s $23.05 share price. The 9 months bearish chart indicates high risk for the $1.97 billion company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $21.67 price target is reached, the company will be worth $118.20 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 6.53% or $1.61 on November 10, hitting $23.05. About 1.28M shares traded hands or 119.41% up from the average. Care Capital Properties Inc (NYSE:CCP) has declined 5.52% since April 8, 2016 and is downtrending. It has underperformed by 11.17% the S&P500.

Care Capital Properties Inc (NYSE:CCP) Ratings Coverage

Out of 2 analysts covering Care Capital Properties (NYSE:CCP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $36 is the highest target while $32.0 is the lowest. The $35 average target is 51.84% above today’s ($23.05) stock price. Care Capital Properties has been the topic of 3 analyst reports since September 24, 2015 according to StockzIntelligence Inc. Mizuho maintained Care Capital Properties Inc (NYSE:CCP) rating on Friday, August 12. Mizuho has “Buy” rating and $34 price target. The stock of Care Capital Properties Inc (NYSE:CCP) has “Neutral” rating given on Thursday, January 7 by Mizuho. The stock of Care Capital Properties Inc (NYSE:CCP) earned “Neutral” rating by Goldman Sachs on Thursday, September 24.

According to Zacks Investment Research, “Care Capital Properties, Inc. is a real estate investment trust which is engaged in the ownership, acquisition and leasing of skilled nursing facilities and healthcare assets operated by private regional and local care providers. The Company focuses on portfolio of triple-net leased properties focused on the post-acute sector and skilled nursing facilities. Care Capital Properties, Inc. is based in Chicago, United States.”

More notable recent Care Capital Properties Inc (NYSE:CCP) news were published by: Businesswire.com which released: “Care Capital Properties Reports Third Quarter 2016 Results” on November 10, 2016, also Forbes.com with their article: “Care Capital Properties Hits The Street With a 7.3% Dividend Yield” published on September 09, 2015, Businesswire.com published: “Care Capital Properties, Inc. Begins Operating as Independent, Publicly Traded …” on August 18, 2015. More interesting news about Care Capital Properties Inc (NYSE:CCP) were released by: Businesswire.com and their article: “Care Capital Properties Acquires Nine Property Portfolio with Existing …” published on September 01, 2015 as well as Seekingalpha.com‘s news article titled: “Where’s The Love For Care Capital Properties?” with publication date: October 04, 2016.

CCP Company Profile

Callahan Capital Properties, Inc. incorporated on December 4, 2009, is a real estate private equity firm. The Firm is focused on the acquisition and management of office properties in the central business districts of the United States gateway cities.

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