Why Vornado Stock Was Falling in December
Shares of Vornado Realty Trust (NYSE: VNO) were heading lower last month as the macroeconomic environment continued to weaken for the office real estate investment trust (REIT).
An analyst downgrade weighed on the stock, and investors also learned at the end of December that Vornado would be removed from the S&P 500, and instead added to the S&P Midcap 400.
According to data from S&P Global Market Intelligence, the stock finished the month down 18%.
Source Fool.com
