AMREP Corporation (NYSE:AXR) Breaks 52 Week High Bar Of $9.88

AMREP Corporation (NYSE:AXR)

September 19th, 2018

AMREP Corporation closed Wednesday up 8.82%, a $0.79 increase to close on $9.75. Furthermore it hit a new 52 week high of $9.88. In addition to finishing higher, trading volumes were solid at 425% of normal which can indicate investors see opportunities.

AXR outperformed the rest of the Industrials sector which went down 0.04% today.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Financials saw the biggest increase of the day (1.76%), while Utilities saw the biggest drop (2.12%). Consumer Discretionary has seen the biggest year-to-date gain at 18%. The biggest loss this year has been the Telecommunication Services sector falling 5.70%.

Consumer Discretionary saw the biggest turnaround from its 5-day performance of -0.20%, as it went up 0.03%. Healthcare and Information Technology both saw turn arounds from their five day positive performance, Healthcare with a drop of 0.11%.

Sector Breakdown

  • Financials went up with a 1.76% change.
  • Materials went up with a 1.12% change.
  • Energy went up with a 0.38% change.
  • Consumer Discretionary went up with a 0.03% change.
  • Industrials went down with a -0.04% change.
  • Information Technology went down with a -0.10% change.
  • Healthcare went down with a -0.11% change.
  • Consumer Staples went down with a -0.15% change.
  • Real Estate went down with a -0.91% change.
  • Telecommunication Services went down with a -1.35% change.
  • Utilities went down with a -2.12% change.

AMREP Corporation Info

AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company’s Real Estate Operations segment is involved in the sale of developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others, as well as investment in commercial and investment properties. Its property portfolio consists of approximately 91,000 acres in Sandoval County near Albuquerque, New Mexico; and tracts of land in Colorado, including 1 property of approximately 160 acres planned for approximately 410 homes. This segment also owns interests in subsurface oil, gas, and mineral properties covering an area of approximately 55,000 surface acres of land located in Rio Rancho. The company’s Fulfillment Services segment provides fulfillment and contact center services, including subscriber list and database management, payment and order processing and accounting, subscriber mailing services, customer service and contact center management, data processing and business intelligence solutions, and print and digital marketing solutions, as well as product fulfillment warehousing, processing, and distribution services. This segment offers its services for consumer publications, trade publications, membership organizations, non-profit organizations, government agencies, and other direct marketers. The company was founded in 1961 and is headquartered in Plymouth Meeting, Pennsylvania.

All amounts in USD unless otherwise indicated

AXR daily update
AXR daily update

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