Back to top

Image: Bigstock

Aimco (AIV) Jumps: Stock Rises 7.2%

Read MoreHide Full Article

Apartment Investment and Management Company (AIV - Free Report) or Aimco was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $34.98 to $37.45 in the past one-month time frame.

The upmove came after the company's announcement of its decision to separate its business into two separate and distinct publicly traded companies, Apartment Income REIT and Aimco.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Aimco. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Aimco currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the REIT and Equity Trust - Residential industry is Spirit Realty Capital, Inc. (SRC - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Apartment Investment and Management Company (AIV) - free report >>

Spirit Realty Capital, Inc. (SRC) - free report >>

Published in