Home / Street Sector / Active Broker’s Concerns In Focus: CIT Group Inc. (NYSE:CIT), Ctrip.com International Ltd. (NASDAQ:CTRP)

Active Broker’s Concerns In Focus: CIT Group Inc. (NYSE:CIT), Ctrip.com International Ltd. (NASDAQ:CTRP)

Shares of CIT Group Inc. (NYSE:CIT) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 0.70% to close at $36.11. CIT Group Inc. (CIT) released that CIT Real Estate Finance served as Sole Lead Arranger and Administrative Agent for a $61.8 million senior secured credit facility to TNREF III Parkway JV, LLC, a joint venture among True North Management Group and Fulcrum Asset Advisors. The financing will support the JV’s acquisition of three Class A office properties, totaling 480,000 square feet, located in Deerfield, Illinois, a northern suburb of Chicago.

Financing was provided by CIT Bank, N.A., the principal bank subsidiary of CIT. Terms of the transaction were not revealed. The properties being takeoverd are 3 Parkway North, 6 Parkway North and 9 Parkway North, all located within the Parkway North Center Office Park, an 85.5-acre suburban office park consisting of six office buildings totaling about 1 million square feet, with a daycare center, a 250-room hotel and a recently built luxury apartment complex. Moving forward to saw long-term intention, CIT; experts calculate Return on Investment of 2.50%. The stock is going forward its fifty-two week low with 44.62% and lagging behind from its 52-week high price with -20.95%. CIT last month stock price volatility remained 1.84%.

Ctrip.com International Ltd. (NASDAQ:CTRP) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.63% to 47.14 with about 2.64 Million shares have changed hands in this session. The stock is going forward its fifty-two week low with 56.53% and lagging behind from its 52-week high price with -17.82%. Likewise, positive performance for the quarter recorded as 3.02% and for the year was 35.65%, while the YTD performance remained at 1.75%. CTRP has Average True Range for 14 days of 0.84.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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