Updated
Updated · MarketWatch · May 6
Kimco Realty shares rise for third straight day
Updated
Updated · MarketWatch · May 6

Kimco Realty shares rise for third straight day

7 articles · Updated · MarketWatch · May 6
  • The stock gained 1.10% to $23.80 on Wednesday, while the S&P 500 rose 1.46% and the Dow added 1.24% in a broadly positive session.
  • Kimco closed 2.10% below its 52-week high of $24.31 reached on 20 April, and lagged Federal Realty Investment Trust's 1.28% gain.
  • Trading volume was 4.3 million shares, about 1.1 million below its 50-day average of 5.4 million, as peer performances were mixed across retail-focused real estate stocks.
Kimco reports record results, so why is its stock still trailing the market and its top competitors?
Is Kimco's plan to sell $500M in assets a brilliant pivot or a risky move to manage its debt?