GGP Inc. (GGP - Free Report) was a big mover last session, as the company saw its shares rise more than 8% 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 $19.01 to $22.20 in the past one-month time frame.
The move came after the company confirmed that Brookfield Property Partners will buy all its remaining shares.
The company has seen three negative estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved lower over the said time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
GGP Inc. currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
A better-ranked stock in the REIT and Equity Trust - Retail industry is Cedar Realty Trust, Inc. (CDR - 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.
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