Northern Genesis Acquisition Corp
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Company profile

Northern Genesis Acquisition Corp is a blank check company. The Company is formed for the purpose of effecting an initial business combination with one or more target businesses. It intends to focus on target business involved in the ownership, financing and management of societal infrastructure. It has generated no revenues.

Postmarket

Last Trade
Delayed
$33.52
0.04 (0.12%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$33.48
Day's Change
0.73 (2.23%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.25
Day's Low
31.36
Volume
(Above Average)
Volume:
8,506,980

10-day average volume:
7,179,326
8,506,980

Stocks of residential, retail REITs enjoy historic gains from hopes of COVID-19 vaccine

1:56 pm ET November 9, 2020 (MarketWatch)
Print

The shares of real estate investment trusts enjoyed a broad, and in some cases very big, rallies in afternoon trading Monday, as positive news on a potential COVID-19 vaccine (http://www.marketwatch.com/story/biontech-pfizer-stocks-soar-after-covid-19-vaccine-candidate-achieves-success-in-first-analysis-2020-11-09) boosted the prospects for REITs focused on residential and retail properties. SL Green Realty Corp.'s stock (SLG) soared 33.4%, which puts it on track for the second-biggest one day gain since it started trading in 1997, and the biggest gain since it soared 40.9% on Nov. 24, 2008 in the midst of the financial crisis. Shares of SL Green, which owns and manages commercial and residential real estate properties, was the SPDR Real Estate Select Sector ETF's (XLRE) best performer and the S&P 500's second-best performer. Elsewhere, shares of Federal Realty Investment Trust (FRT), which owns and manages retail properties, soared 31.3%, to be on track for a record one-day gain; Regency Centers Corp.'s stock powered up 31.5%, which would be the shopping center REIT's best day on record; and Kimco Realty Corp. shares (KIM) charged 31.0% higher, which would be the open-air shopping center REIT's second biggest-ever gain. The REIT ETF rose 5.1% in afternoon trading, and has now lost 3.2% year to date, while the S&P 500 has climbed 12.0% this year.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 09, 2020 13:56 ET (18:56 GMT)

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