India, May 19 -- Paramount Group, Inc. (PGRE) rose 14.02 percent to $5.45 on Monday after the company announced a strategic review to explore alternatives aimed at maximizing shareholder value.
The stock opened at $5.06 and traded between $5.06 and $5.75 on the New York Stock Exchange. Volume reached 4.28 million shares, more than double the average of 2.04 million. PGRE is now trading at the top of its 52-week range of $3.75 to $5.75.
The move comes amid strong leasing momentum in the first quarter. The company also appointed Ermelinda Berberi as CFO and Timothy Dembo as General Counsel, succeeding Wilbur Paes and Gage Johnson, respectively.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Servic...