Vornado Realty Trust Surges Past 200-Day Moving Average, Nearing 52-Week High

Vornado Realty Trust (VNO) shares broke above their 200-day moving average of $39.88, trading as high as $40.38 per share, a 1.4% increase. The stock's 52-week range is $26.19 to $46.63, with a last trade of $40.07. This move is considered bullish and could be a positive sign for the stock's performance.

In a bullish move, Vornado Realty Trust (VNO) shares broke above their 200-day moving average of $39.88, reaching as high as $40.38 per share on Wednesday. This 1.4% increase is considered a positive sign for the stock's performance. The stock's 52-week range is $26.19 to $46.63, with a last trade of $40.07. This move could indicate a shift in investor sentiment and a potential upward trend for VNO.

The break above the 200-day moving average suggests that VNO may be poised for further gains. Historically, such a move has often been associated with a continuation of the current uptrend. The stock's recent performance has been driven by positive developments, including the successful refinancing of PENN 11, a 1.2 million square foot Manhattan office building [1].

References
[1] https://www.nasdaq.com/articles/vornado-realty-trust-completes-450-million-refinancing-penn-11-office-building-manhattan
[2] https://www.nasdaq.com/articles/vornado-realty-trust-breaks-above-200-day-moving-average-bullish-vno