On Wednesday, Urban Edge Properties (Symbol: UE) saw its shares exceed the 200-day moving average of $19.18, reaching a high of $19.36, marking an increase of approximately 1.5% on the day. The current trading price of UE shares stands at $19.37.
Over the last year, UE has experienced a low of $15.66 and a high of $21.73. The stock’s performance trend suggests a significant turnaround as it crosses this key moving average.
This movement may indicate growing investor confidence in Urban Edge Properties amid fluctuating market conditions.
