Alexander's Shares Soar 5.24% in Four Days, Reaching 2024 High

Alexander's (ALX) shares rose 0.39% today, marking the fourth consecutive day of gains, with a total increase of 5.24% over the past four days. The stock price reached its highest level since December 2024, with an intraday gain of 0.43%.

The strategy of buying ALX shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 7.98%. While the strategy captured some of the subsequent gains, it also experienced volatility, highlighting the importance of proper risk management and market analysis in such a dynamic environment.

One of the key drivers behind the recent surge in Alexander's stock price is its inclusion in the Zacks Rank #1 (Strong Buy) momentum stocks list on May 29, 2025. This designation indicates strong buying interest and potential positive momentum, which has likely attracted more investors to the stock.

Additionally, Alexander's dividend yield of 8.2% has been highlighted as a significant factor. This yield is notably higher than the industry average of 5.2%, making it an attractive option for income-focused investors. The combination of a strong buy recommendation and an appealing dividend yield has contributed to the positive sentiment surrounding Alexander's stock.