• Return to Headlines

Watch for Continued Losses in Shares of Catchmark Timb-A (CTT)

By Shiri Gupta

Catchmark Timb-A (NYSE:CTT) traded today at a new 52-week low of $9.83. So far today approximately 84,000 shares have been exchanged, as compared to an average 30-day volume of 248,000 shares.

CatchMark Timber Trust Inc is a real estate investment trust. The REIT is engaged exclusively in timberland ownership and management, without ownership of any forest products and other manufacturing operations.

Over the past year, Catchmark Timb-Ahas traded in a range of $9.83 to $13.73 and are now at $9.90. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.4%.

There is potential upside of 42.4% for shares of Catchmark Timb-A based on a current price of $9.90 and an average consensus analyst price target of $14.10. The stock should run into initial resistance at its 50-day moving average (MA) of $11.87 and subsequent resistance at its 200-day MA of $12.62.

SmarTrend is tracking the current trend status for Catchmark Timb-A and will alert subscribers who have CTT in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows catchmark timb-a

Ticker(s): CTT