The S&P 500 just came out of its worst week since March 2020 and is still down by over 21% from the beginning of the year, with a move downward from 4,800 to under 3,800.
The Real Estate Select Sector SPDR Fund (NYSEArca: XLRE) has dropped from $51.50 to $39.75, down about 22.5% for the year.
The S&P 500 has slumped to open 2022, and rising interest rates could further pressure stock valuations in coming months. Whether the market is up, down or sideways, dividends are one steady, reliable source of income for investors, but dividends are only as reliable as the companies that pay them.
A whale with a lot of money to spend has taken a noticeably bearish stance on Simon Property Group.
Looking at options history for Simon Property Group (NYSE:SPG) we detected 14 strange trades.
Companies Reporting Before The Bell
• Atlantica Sustainable (NASDAQ:AY) is likely to report quarterly loss at $0.08 per share on revenue of $277.90 million.
Simon Property Group Inc's (NYSE:SPG) short percent of float has fallen 4.82% since its last report. The company recently reported that it has 9.64 million shares sold short, which is 2.96% of all regular shares that are available for trading.
A whale with a lot of money to spend has taken a noticeably bearish stance on Simon Property Group.
Looking at options history for Simon Property Group (NYSE:SPG) we detected 11 strange trades.