Simon Property Group stock falls 1.31 percent and underperforms competitors
Updated
Updated · MarketWatch · Apr 29
Simon Property Group stock falls 1.31 percent and underperforms competitors
12 articles · Updated · MarketWatch · Apr 29
Simon Property Group shares closed at $200.09 on Wednesday, snapping a two-day winning streak and finishing 3.93% below its 52-week high of $208.28.
The decline came amid a generally weak stock market session, with the S&P 500 down 0.04% and the Dow Jones falling 0.57%.
Simon Property Group's drop outpaced competitors like Realty Income Corp., Kimco Realty Corp., and Regency Centers Corp., while trading volume remained below its 50-day average.
With record financials but a falling stock, is Simon Property a bargain or a trap?
Is the market punishing Simon for its new CEO or for rising interest rates?
How will the Saks bankruptcy disrupt Simon's multi-billion dollar mall transformation plans?
Can luxury malls thrive as global instability and rising oil prices squeeze consumers?
After its founder's death, can the new CEO navigate a major tenant bankruptcy?