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Taubman Centers (TCO) Jumps: Stock Rises 6.5%

Zacks

Taubman Centers, Inc. TCO was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $46.30 –$51.11 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company made announcements regarding the appointment of two new independent directors and other governance enhancements.

The company has seen one negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Taubman Centers, Inc. Price and Consensus


Taubman Centers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the Finance sector is Cedar Realty Trust, Inc. CDR, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is TCO going up? Or down? Predict to see what others think: Up or Down.

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