Yesterday at a glance: pronounced bearish market sentiment ensured that the online residential real estate company made a notable 3.85% loss yesterday, declining 7 cents and ultimately closing at $1.75.
This down-slide takes place while positive United States macroeconomics indicators data was published earlier – data from United States concerning Consumer Confidence was released yesterday at 15:00 UTC. Newly published figures emphasized continued decline from last month's figure of 102.2 to 100.2 this month.
Meanwhile, United States API Weekly Crude Oil Stock came out at -7.85 million, while a consensus of analysts was expecting -2.49 million. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) released yesterday at 14:00 UTC with a figure of 10.4, while the previous figure was 13.1.
On the other hand, positive performances could be seen by looking at other real estate stocks as ProLogis traded at $113.81 after closing yesterday's trading day at $111.46 (up 2.11%). American Tower Corporation (REIT) was up 1.55%.
In addition, United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released today at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.76 million, having previously been at -3.69 million. The figure will be published today at 15:30 UTC.
Furthermore, United States Core PCE Price Index (MoM) (Oct) scheduled to come out tomorrow at 13:30 UTC.
This year has been a gloomy one for the online US real estate company after trading as high as $16.14 and going on to lose 87.92% of its value.