Regency Centers stock rises 1.03% and outperforms competitors
Updated
Updated · MarketWatch · May 1
Regency Centers stock rises 1.03% and outperforms competitors
10 articles · Updated · MarketWatch · May 1
Shares closed at $78.65, snapping a two-day losing streak, while trading volume reached 1.8 million, above the 50-day average of 1.4 million.
The move came in a mixed US market session, with the S&P 500 up 0.29% and the Dow Jones Industrial Average down 0.31%.
Regency ended 3.69% below its 52-week high of $81.66 set on 20 April; Realty Income and Kimco fell, while Federal Realty Investment Trust gained 3.99%.
Given Regency's strong performance, why did its chairman just sell over $10 million in company stock?
Is the grocery-anchored retail model truly future-proof, or is its current success a temporary market high?