Pennsylvania Real Estate Investment Trust (PEI) Settles Into New 52-Week Low on December 17 Session

Equities Staff  |

Shares of Pennsylvania Real Estate Investment Trust (PEI) sank into a new 52-week low yesterday, and could be a company to watch at the open. The company’s stock fell to as low as $6.94 yesterday after opening at $7.67. By the closing bell, the company's stock was at $6.99 a share for a loss of 8.75%.

While no company wants to see their stocks fall into a new 52-week low, opportune investors may have reason to celebrate. Bullish investors with a healthy tolerance for risk may view this as a chance to buy stocks as distressed prices before a bounce back. With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. Investors bearish on the stock might see the stock reaching its lowest price in a year as a sign of growing downward momentum and take it as a good reason to sell their shares. Bulls, though, could likely see a new 52-week low as the stock hitting its low point and anticipate a recovery in the share price.

Pennsylvania Real Estate Investment Trust saw 1.35 million shares of its stock trade hands, that's out of 70.47 million shares outstand. The stock has an average daily volume of 975,399 shares. After hitting a new 52-week low, Pennsylvania Real Estate Investment Trust enters the new trading day with a market cap of 492.55 million, a 50-day SMA of $8.51 and a 200-day SMA of $9.47

For a complete fundamental analysis analysis of Pennsylvania Real Estate Investment Trust, check out Equities.com’s Stock Valuation Analysis report for PEI.

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Pennsylvania Real Estate Investment Trust is a self-managed and self-administered REIT in the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of retail shopping malls. It generates maximum revenue from the real estate.

Pennsylvania Real Estate Investment Trust has 297 employees, is led by CEO Joseph F. Coradino, and makes its home in Philadelphia, PA.

Pennsylvania Real Estate Investment Trust is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets. The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).

To get more information on Pennsylvania Real Estate Investment Trust and to follow the company’s latest updates, you can visit the company’s profile page here: PEI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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