Taubman Centers Inc. (NYSE:TCO) traded today at a new 52-week low of $35.56. This new low was reached on below average trading volume as 121,000 shares traded hands, while the average 30-day volume is approximately 428,000 shares.
Taubman Centers Inc. (NYSE:TCO) has potential upside of 74.2% based on a current price of $35.60 and analysts' consensus price target of $62.00. The stock should find initial resistance at its 50-day moving average (MA) of $39.57 and further resistance at its 200-day MA of $45.60.
Taubman Centers, Inc. is a real estate investment trust which, through its operating partnership, the Taubman Realty Group LP, holds interests in and owns, develops, acquires, and operates regional shopping centers. Its activities include centers' management, leasing, and expansion.
Taubman Centers Inc. share prices have moved between a 52-week high of $59.39 and the current low of $35.56 and are currently at $35.60 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.
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