|Day Low/High||5.31 / 5.46|
|52 Wk Low/High||4.63 / 8.44|
Buying stocks now means you are in the uncomfortable position of fighting the Fed as it tries to slow the economy.
In trading on Tuesday, shares of Washington Prime Group touched a new 52-week low of $5.25/share. That's a $3.19 share price drop, or -37.80% decline from the 52-week high of $8.44 set back on 07/06/2018.
The most recent short interest data was recently released for the 11/30/2018 settlement date, and Washington Prime Group is one of the most shorted stocks of the Russell 3000, based on 17.51 "days to cover" versus the median component at 5.06. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.
Investors in Washington Prime Group saw new options become available this week, for the April 2019 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,100 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: AZZ, HIG, JBT, MRC, OII, PCMI, RELL, TNC, WDC Downgrades: BFR, PNRG, SNBR, WPG Initiations: GNTY, NBRV Read on to get TheStreet Quant Ratings' detailed report:
Investors in Washington Prime Group saw new options become available this week, for the September 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the WPG options chain for the new September 21st contracts and identified the following put contract of particular interest.
A portfolio built from these names offers good diversification and a 5.64% yield.
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In trading on Friday, shares of Washington Prime Group's 7.5% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8752), with shares changing hands as low as $24.86 on the day. This compares to an average yield of 6.33% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Washington Prime Group Inc. (NYSE: WPG) today announced that the Company's Board of Directors declared a quarterly cash dividend on its common shares and operating partnership units.
Washington Prime Group Inc. (NYSE: WPG) today reported results for the third quarter ended September 30, 2017 that reflect continued progress on the execution of the Company's financial, operating and strategic objectives.
Washington Prime Group Inc. (NYSE: WPG) today announced several financial activities as part of its portfolio construction and capital allocation strategy.
Washington Prime Group Inc. (NYSE: WPG) today announced senior management changes including the promotion of several key positions, as well as the resignation of Butch Knerr, Executive Vice President and Chief Operating...
Washington Prime Group Inc. (NYSE: WPG) today announced that the Company will hold a conference call on Thursday, October 26, 2017 at 11:00 a.
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