CBL & Associates Properties Inc. (CBL) had a good day on the market for Monday October 14 as shares jumped 8.4% to close at $1.42. About 2.95 million shares traded hands on 7,834 trades for the day, compared with an average daily volume of n/a shares out of a total float of 173.47 million. After opening the trading day at $1.31, shares of CBL & Associates Properties Inc. stayed within a range of $1.43 to $1.28.
With today’s gains, CBL & Associates Properties Inc. now has a market cap of $246.33 million. Shares of CBL & Associates Properties Inc. have been trading within a range of $3.71 and $0.77 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
CBL & Associates Properties is a U.S.-based real estate investment trust. The company engages in managing, acquiring, and leasing residential and commercial properties. Its portfolio of properties spans 25 states, mostly in the Southeastern and Midwestern regions of the United States. CBL’s sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.
CBL & Associates Properties Inc. is based out of Chattanooga, TN and has some 650 employees. Its CEO is Stephen D. Lebovitz.
CBL & Associates Properties Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
