Sabine Royalty Trust (NYSE:SBR – Get Rating) shares gapped down prior to trading on Monday . The stock had previously closed at $83.32, but opened at $77.12. Sabine Royalty Trust shares last traded at $76.21, with a volume of 1,942 shares. Separately, StockNews.com downgraded Sabine Royalty Trust from a “buy” rating to a “hold” rating […]
high gas rates that they are dealing with on a day-to-day basis. the president in a wall street journal op-ed this week laid out his three-point plan to try to deal with high inflation, those high gas prices, as well. he also, of course, met with the fed chair earlier this week. all of that is really a part of this new communication strategy to try to break through, to try to get ahead. you heard him emphasize the fact that he wants congress to address this issue, as well, to try to bring down the cost of housing and prescription drugs. of course, that s a longer term solution. so i think the question and the challenge for this administration is beyond the messaging, what more tools do they have in their toolbox to try to bring down the price of inflation. you heard him tout the fact that he tapped the sbr, and of course he and other administration officials are not ruling out doing that again. andrea, they have taken a number of steps, and yet this inflation persists. so this is an
Sabine Royalty Trust (NYSE:SBR – Get Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 34,200 shares, an increase of 26.7% from the April 30th total of 27,000 shares. Based on an average daily trading volume, of 83,700 shares, the days-to-cover ratio […]
Sabine Royalty Trust (NYSE:SBR – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. Shares of SBR opened at $69.83 on Tuesday. The business has a 50-day simple moving average of $62.27 and a two-hundred day simple moving average of $52.68. […]
StockNews.com lowered shares of Sabine Royalty Trust (NYSE:SBR – Get Rating) from a buy rating to a hold rating in a report issued on Friday. SBR traded up $0.51 on Friday, reaching $65.92. The company’s stock had a trading volume of 55,408 shares, compared to its average volume of 63,643. Sabine Royalty Trust has a […]