EastGroup Properties (EGP) Surges 7.6%: Is This an Indication of Further Gains?

EastGroup Properties (EGP) shares soared 7.6% in the last trading session to close at $156.30. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 20.5% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This real estate investment trust is expected to post quarterly funds from op ...