General Growth Properties Inc (GGP): Today's Featured Real Estate Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.General Growth Properties (GGP) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 1.2%. By the end of trading, General Growth Properties fell $0.28 (-1.4%) to $20.17 on average volume. Throughout the day, 5,613,051 shares of General Growth Properties exchanged hands as compared to its average daily volume of 6,398,300 shares. The stock ranged in price between $19.99-$20.40 after having opened the day at $20.32 as compared to the previous trading day's close of $20.45. Other companies within the Real Estate industry that declined today were: China HGS Real Estate (HGSH), down 13.2%, Vestin Realty Mortgage I (VRTA), down 9.3%, Impac Mortgage Holdings (IMH), down 6.1% and Doral Financial (DRL), down 5.4%.
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