Howard Hughes Up In First Day Of Trading (HHC)

The Howard Hughes Corp. HHC stock is up in its first day of trading, gaining 30 cents to $36.80, a gain of 0.8% in its first day of trading. The company was spun off from General Growth Properties GGP, as the REIT emerged from bankruptcy and looks to solely focus on its malls, and not is developed properties. The website can be found here. From the company's website, HHC describes itself as: "The Howard Hughes Corporation's goal is to be the preeminent United States developer and operator of master planned communities and long-term mixed-use properties. We will create developments that inspire local communities while driving sustainable, long-term growth and value for our shareholders. We own, manage and develop commercial, residential and mixed-use real estate throughout the country. Our company is comprised of 34 assets including master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from Hawaii to New York. We have approximately 200 employees, almost half of whom are dedicated to the growth and service of our master planned communities."