Cedar Shopping Centers see high-volume trading
Carman's Plaza, a Cedar Shopping Centers property at 900-944 Carman's Rd. in Massapequa. Credit: Handout
The Port Washington-based real estate investment trust Cedar Shopping Centers Inc. on Tuesday made the Top 10 list of shares trading at an above-average level on the New York Stock Exchange, the Associated Press reports.
More than 2.2 million shares of Cedar changed hands Tuesday, a 625.8 percent increase over the stock's 65-day average volume, the AP said. Tuesday the shares fell $.25 or 4.6 percent to $5.15.
Wednesday the company's shares were headed to another high-volume performance, recovering some lost ground by mid-morning with 1.74 million shares changing hands; the price was up 3.69 percent to $5.34.
Cedar describes itself as "a self-managed real estate investment trust focused on supermarket-anchored shopping centers and drug store-anchored convenience centers located predominantly in the Northeast."
Photo shows one of Cedar's holdings, Carman's Plaza, at 900-944 Carman's Rd. in Massapequa.
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