General Growth Stock Falls On Unusually High Volume (GGP)
General Growth Properties (NYSE:GGP) is trading at unusually high volume Friday with 15 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 59 cents (-2.9%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- General Growth Properties (NYSE: GGP) is trading at unusually high volume Friday with 15 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 59 cents (-2.9%) at $19.73 as of 2:25 p.m. ET.
General Growth has a market cap of $17.54 billion and is part of the financial sector and real estate industry. Shares are up 17.1% year to date as of the close of trading on Thursday. General Growth Properties, Inc. operates as a real estate investment trust in the United States. It operates in two segments, Retail and Other, and Master Planned Communities. TheStreet Ratings rates General Growth as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full General Growth Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.