We feature Maui Land & Pineapple Co Inc (NYSE: MLP), a real estate services company, as today’s top momentum gainer since the stock gained more than 5% touching its new intraday 52-week highs during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last trading session, MLP was the top performer in the U.S. financial sector after gaining 23.7% and closed at its 52-week high of $8.99 while recording significant volumes of 442,082 shares. During the past 5 trading sessions, MLP gained 36.8% with daily average traded volumes of 114,737. A strong momentum has been witnessed during the past one month after the stock accumulated over 45% with daily average volumes of 62,836 shares. The stock advanced after the company’s CEO Warren Haruki sold 4,161 shares at a price $6.42 per share to pay for a tax liability. The stock was sold on March 31, 2014 and the executive still holds 168,014 shares directly.
Company Description:
Maui Land & Pineapple Co Inc (NYSE: MLP) develops, sells, and manages residential, resort, commercial, and industrial real estate. The company owns land on Maui and manages properties, utilities, and a nature preserve at the Kapalua Resort.
1-Year Stock Chart:
Source: Bloomberg
