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.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
