One of today's stocks on the move is Cedar Shopping Centers (NYSE:CDR), up 1.4% to $5.38. The S&P is trading higher by 0.4% to 1,462 and the Dow is trading 0.5% higher to 13,399.
In the past 52 weeks, Cedar Shopping Centers share prices have been bracketed by a low of $4.53 and a high of $5.80 and are now at $5.38, 19% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0% lower over the past week, respectively.
Cedar Shopping Centers Inc. is a real estate investment trust. The Company has investments primarily in multi-tenant, supermarket-anchored shopping centers and drug store-anchored convenience centers.
Cedar Shopping Centers has overhead space with shares priced $5.38, or 10.4% below the average consensus analyst price target of $6.00. Cedar Shopping Centers shares have support at the 50-day moving average (MA) of $5.25 and additional support at the 200-day MA of $5.18.