IRSA Inversiones y Representaciones SA (IRS) Sees Unusually-High Trading Volume
IRSA Inversiones y Representaciones SA (NYSE:IRS) saw unusually-strong trading volume on Tuesday . Approximately 181,299 shares changed hands during trading, an increase of 155% from the previous session’s volume of 71,055 shares.The stock last traded at $17.84 and had previously closed at $17.90.
Separately, Morgan Stanley lowered IRSA Inversiones y Representaciones SA from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 21st.
The stock has a market cap of $1.02 billion and a P/E ratio of 178.00. The stock has a 50-day moving average of $16.90 and a 200 day moving average of $14.03.
An institutional investor recently raised its position in IRSA Inversiones y Representaciones SA stock. Morgan Stanley increased its stake in shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,611 shares of the company’s stock after buying an additional 1,709 shares during the period. Morgan Stanley owned about 0.16% of IRSA Inversiones y Representaciones SA worth $1,126,000 as of its most recent SEC filing.
Irsa Inversiones y Representaciones Sociedad Anonima (IRSA) is a real estate company. The Company is engaged, directly and indirectly through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including the acquisition, development and operation of shopping centers; the development and sale of residential properties; the acquisition and development of office and other non-shopping center properties primarily for rental purposes; the acquisition and operation of luxury hotels; the acquisition of undeveloped land reserves for future development or sale, and selected real estate investments outside Argentina.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.