Alexandria Equities ( (ARE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Alexandria Real Estate Equities experienced a drop in its stock price following a Q3 revenue report that fell short of expectations. This shortfall led Cantor Fitzgerald to lower its price target for the company, while BNP Paribas Exane downgraded the stock to Underperform, citing worries about its financial outlook.
More about Alexandria Equities
YTD Price Performance: -16.76%
Average Trading Volume: 1,507,173
Technical Sentiment Signal: Sell
Current Market Cap: $13.39B
For further insights into ARE stock on TipRanks’ Stock Analysis page.
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