Stocks in a New Downtrend (Aroon) – NCT, NGG, NIF, NKY, NNN

by Melanie Francine Santos on October 5, 2011

NCT gained 11.73%, to close at $4.19 and its overall traded volume was 2.73M shares in the last trading session. NCT opened at $3.68 and is trading within the range of $3.56-$4.20. The stock has a 52 week low of $3.02 and 52 week high of $8.85. The market capitalization of the company stands at $332.27M and it has 79.30M outstanding shares.

Newcastle Investment Corp. (Newcastle) is a real estate related investment and finance company. Newcastle invests in, and actively manages a portfolio of, real estate securities, loans and other real estate related assets. The Company conducts its business through four primary segments: investments financed with non-recourse collateralized debt obligations (CDOs), investments financed with other non-recourse debt, investments financed with recourse debt, including Federal National Mortgage Association (FNMA)/ Federal Home Loan Mortgage Corporation (FHLMC) securities and unlevered investments.


NGG percentage change fell -0.65%, to close at $48.86 and its overall traded volume was 864,734.00 shares in the last trading session. NGG opened the day at $48.13, it made an intraday low of $47.74 and an intraday high of $48.95. The stock has a 52 week low of $42.29 and 52 week high of $52.18. At current market price, the market capitalization of the company stands at $34.32B and it has 702.41M outstanding shares. National Grid Plc (National Grid) is an international electricity and gas company. National Grid owns electricity transmission network in England and Wales, and operates the system across Great Britain. The Company also owns and operates the high pressure gas transmission system in Britain and its distribution business delivers gas to 11 million homes and businesses. In the United States, National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island. National Grid owns over 4,000 megawatts of contracted electricity generation that provides power to over one million Long Island Power Authority (LIPA) customers. It is the distributor of natural gas in the northeastern United States, serving approximately 3.4 million customers in Massachusetts, New Hampshire, New York and Rhode Island.
NIF slid -2.37%, to close at $14.48 and its overall traded volume was 89,883.00 shares in the last trading session. NIF shares were trading within the range of $14.42-$14.77 while its opening price was $14.76. The stock has a 52 week low of $12.11 and 52 week high of $15.75. At current market price, the market capitalization of the company stands at $288.80M.
NKY percentage change surged 0.61%, to close at $13.30 and its overall traded volume was 212,169.00 shares in the last trading session. NKY opened at $13.09 and is trading within the range of $13.00-$13.30. The stock has a 52 week range of $13.00 – $15.43. At current market price, the market capitalization of the company stands at $138.90M.
NNN gained 3.39%, to close at $26.83 and its overall traded volume was 1.51M shares in the last trading session. NNN shares were trading within the range of $25.48-$26.87 while its opening price was $25.84. The 52-week range of the stock is $22.69 – $28.11. At current market price, the market capitalization of the company stands at $2.31B and it has 86.03M outstanding shares. National Retail Properties, Inc. (NNN) is a fully integrated real estate investment trust (REIT). NNN operates in two segments: investment assets, including real estate assets, mortgages and notes receivable, and commercial mortgage residual interests (collectively, Investment Assets), and inventory real estate assets (Inventory Assets). NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment (Investment Properties or Investment Portfolio). As of December 31, 2010, the Company owned 1,195 Investment Properties, includi ng 11 properties with retail operations that NNN operates, with an aggregate leasable area of 12,972,000 square feet, located in 46 states. As of December 31, 2010, NNN owned 17 Inventory Properties. During the year ended December 31, 2010, NNN acquired the remaining 21.1% non-controlling interest in Orange Avenue Mortgage Investments, Inc. (OAMI).

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