Simon Property Group Surges to 373rd in Daily Rankings with $268 Million Trading Volume

On June 3, 2025, Simon Property Group (SPG) recorded a trading volume of $268 million, marking a 42.97% increase from the previous day. This volume placed SPG at the 373rd position in the daily stock market rankings. However, the stock price of SPG has been on a downward trend, falling 0.69% over the past three days, with a cumulative decline of 0.89%.

Simon Property Group (SPG) currently has a short interest of 5.88 million shares, which represents 1.82% of the float, indicating the number of shares available for trading. This metric is crucial for understanding the market sentiment towards the stock, as a higher short interest can suggest bearish sentiment or potential for short squeezes.

JPMorgan Chase & Co. recently lowered its target price for Simon Property Group, reflecting a cautious outlook on the company's future performance. This adjustment comes amidst broader market dynamics and specific factors influencing the real estate sector.

Simon Property Group has reaffirmed its funds from operations (FFO) guidance for the year, maintaining a range of $12.40 to $12.65. This reaffirmation signals the company's confidence in its financial performance despite the recent market volatility. The FFO guidance is a key metric for real estate investment trusts (REITs) as it provides insights into the company's operational cash flow.