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Alexandria Real Estate Equities Inc. (ARE) traded on unusually high volume on May. 16, as the stock lost 1.22% to close at $122.64. On the day, Alexandria Real Estate Equities Inc. saw 844,496 shares trade hands on 6,958 trades. Considering that the stock averages only a daily volume of 543,165 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $134.37 and $114.00 over the last 52-weeks, its 50-day SMA is now $124.32, and its 200-day SMA $122.45. Alexandria Real Estate Equities Inc. has a P/B ratio of 2.06. It also has a P/E ratio of 47.8.
Alexandria Real Estate Equities Inc is an urban office REIT engaged in life science and technology campuses through ownership, operation, management and selective redevelopment and development of properties in office/laboratory space.
Headquartered in Pasadena, CA, Alexandria Real Estate Equities Inc. has 323 employees and is currently under the leadership of CEO Joel S. Marcus.
For a complete fundamental analysis analysis of Alexandria Real Estate Equities Inc., check out Equities.com’s Stock Valuation Analysis report for ARE.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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