Stocks @ Night is a daily newsletter that provides insights into the stock market trends after hours. In the recent report, CNBC TV’s Diana Olick discussed the state of office demand in the U.S., with a particular focus on New York City. SL Green has shown impressive growth, with a 12% increase in the past month and a 20% gain in the last three months. However, the stock has experienced an 11% drop since its peak in July.
Vornado has also posted positive numbers, with a 16.6% increase in the past month and a 24% rise in the last three months. Despite this, the stock is 7% lower than its high in December. On the other hand, CBRE has seen a 22% rise in the past month but has dropped by 7% from its peak on July 31st. BXP has shown a 12% increase in the past month and an 11% rise in the last three months, though it is still 8.7% lower than its December high.
Eli Lilly is another stock to watch, with a 32.5% increase so far in 2024. While the stock is 20% lower than its peak in July, it has remained flat over the past three months. Under Armour and Capri Holdings are also in focus, with Under Armour reporting before the bell and Capri Holdings reporting after hours. Under Armour’s Class C shares are down 4.4% in the last three months and 30% lower than their high in December. Capri has seen a 13.7% decline in the past three months and is currently 41.5% lower than its peak nearly a year ago.
Etsy hit a four-year low recently, with the stock plummeting 40% from its December high and experiencing an 18% drop in just one week. Ulta Beauty also hit a 37-month low, with a 44% decrease from its March high and a 12% decline in the past week. Dollar Tree joined the list of declining stocks, hitting a 34-month low on Wednesday.
The state of office demand in the U.S. remains a key focus for investors, reflecting diverse performances among various stocks in the market. It is essential for investors to carefully track these trends and make informed decisions based on comprehensive analysis and market insights.
Leave a Reply