The Howard Hughes Corporation (NYSE:HHC) shares fell to a low of $99.0201 before closing at $99.77. Intraday shares traded counted 0.29 million, which was 34.13% higher than its 30-day average trading volume of 442.90K. HHC’s previous close was $102.08 while the outstanding shares total 55.54M. The firm has a beta of 1.58. The stock’s Relative Strength Index (RSI) is 71.99, with weekly volatility at 2.93% and ATR at 2.88. The HHC stock’s 52-week price range has touched low of $35.10 and a $129.74 high. The stock traded lower over the last trading session, losing -2.26% on 02/16/21.
Investors have identified the Real Estate – Diversified company The Howard Hughes Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.42 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 2.51 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HHC sounds very interesting.
Is the stock of HHC attractive?
In related news, Regional President, Hawaii, Johnstone Douglas sold 625 shares of the company’s stock in a transaction that recorded on Jan 08. The sale was performed at an average price of 79.89, for a total value of 49,929. As the sale deal closes, the Director, Pershing Square Capital Manage now bought 2,516,846 shares of the company’s stock, valued at 199,132,856. Also, Director, Pershing Square Capital Manage sold 574,846 shares of the company’s stock in a deal that was recorded on Jan 06. The shares were price at an average price of 79.12 per share, with a total market value of 45,481,816. Following this completion of acquisition, the President, Houston Region, Carman James now holds 192 shares of the company’s stock, valued at 15,012. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
2 out of 3 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on The Howard Hughes Corporation. 0 analysts has assigned a Sell rating on the HHC stock. The 12-month mean consensus price target for the company’s shares has been set at $91.67.