Why Simon Property Group Plummeted 55% in March [The Motley Fool]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.simon.com
Company Research
Source: The Motley Fool
What happenedThe largest U.S. mall owner,Simon Property Group(NYSE:SPG Global Market IntelligenceMalls were already suffering as shopping behaviors shifted away from malls in recent years, but when thecoronavirusOn March , Simon announced the furlough of 0% of its workforce and the permanent layoff of other employees. Salaries of upper-level managers are cut by up to 0% during the pandemic, and CEO David Simon will not receive a salary.Image source: Getty Images.So whatLandlords everywhere are concerned about rents in April. Mall owners, with many tenants possibly already on the financial edge, wonder how they will ever recover.National restaurant chainCheesecake FactorySimon Property Group has long been exploring other uses for its real estate that's more in tune with what consumers want, such as high-end health clubs and work-sharing spaces. If some of the retail and restaurant tenants don't survive, the company may have the opportunity to implement these ideas sooner than expected.
Show less
Read more
Impact Snapshot
Event Time:
SPG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPG alerts
High impacting Simon Property Group, Inc. news events
Weekly update
A roundup of the hottest topics
SPG
News
- Simon Sells ABG Stake, Eyes Express Despite Cooling Retail Holdings [Forbes]Forbes
- Simon Property Group: Still A Buy For Long-Term Dividend Growth Investors [Seeking Alpha]Seeking Alpha
- Simon Property Group sells ‘successful' Authentic stake at right time [Yahoo! Finance]Yahoo! Finance
- a.k.a. Brands Holding Corp. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Simon Property (SPG) Up on Q1 FFO Beat, Outlook & Dividend Raise [Yahoo! Finance]Yahoo! Finance
SPG
Earnings
- 5/6/24 - Beat
SPG
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- SPG's page on the SEC website