New York (December 21st, 2012) - Hersha Hospitality Trust (NYSE: HT), a self-advised Maryland real estate investment trust, is down sharply in mid-day trading today, paring some of the gains from the previous trading session.
HT had finished more than 6% higher on Thursday after the company announced $75 million share repurchase program. The company said that its Board of Trustees approved the repurchase program, which is effective immediately and is expected to continue through December 31, 2013. Jay H. Shah, CEO of Hersha Hospitality, said that implementing a share repurchase program provides the company with additional financial flexibility and reflects the strength of its balance sheet and its confidence in the cash flow generation capabilities of its portfolio.
HT is currently trading 1.96% lower at $5.01 on volume of 1.02 million, which is well below the daily average volume of 1.96 million.
Find out when HT could bounce back by getting the free full report here:
Exact Sciences Corporation (NASDAQ: EXAS), a molecular diagnostics company focused on the early detection and prevention of colorectal cancer, is seeing a pullback in trading today after rallying in the previous trading session. EXAS rose more than 7% on Thursday after Mizuho initiated coverage on the company with a Buy rating.
EXAS is down 2.56% to $10.67 in mid-day trading today on volume of 483,931, which is below the daily average volume of 579,325. The stock is still up more than 7% for the week, thanks mainly to Thursday’s gains. EXAS has been gaining momentum over the last one month. Technical indicators for the stock suggest that the upward trend will continue. EXAS could face resistance at around $11.25.
Find out more about where EXAS
could be headed by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=EXAS
WallStreetScoop.net issues momentum alerts on stocks that can provide gains to day traders and short-term investors. WallStreetScoop.net provides members with timely information and exclusive alerts on under-valued stocks in the United States with the potential to deliver short-term gains.
WallStreetScoop.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetScoop.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading small cap stocks. Gain an Edge by joining the WallStreetScoop.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Scoop believes traders should have a chance at successfully trading Small stocks and invites traders and investors to be part of the free membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetScoop.net
Disclosure: WallStreetScoop.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetScoop.Net website, for complete risks and disclosures.
Wall Street Scoop
Leave a comment...