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Why Comstock Holding Companies, Inc. (CHCI) stock is shooting up with all guns blazing in the pre-market session

In premarket hours Today, Comstock Holding Companies, Inc. [Nasdaq: CHCI] shares surged wildly as they soared 229.38% to $13.800. An increase in price within this range is often the result of a recent update concerning the Company. However, there is also the possibility of some sort of development coming in the near future.

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Comstock Holding Companies, Inc. [CHCI] is one of the largest real estate developers, investors, property managers, and real estate service providers in the United States. Since 1985, the company has developed thousands of residential units and millions of square feet of mixed-use developments. Several municipalities have selected the Company as master developer of redeveloped properties owned by the municipalities through public-private partnerships.

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Most Recent Event

The last publication by Comstock Holding Companies, Inc. [Nasdaq: CHCI]revealed on January 26, 2021, that bb. q Chicken has signed a 10-year lease for 3,000 square feet at 43801, Central Station Drive in Ashburn, Va. Over 1,000 locations already exist in South Korea, and the company has plans to drastically expand into the North American market before Spring 2021.

In the South Korean cuisine of “bb.q,” referring to “best of the best quality”, there are over twenty signature chicken dishes, fried in olive oil, and characteristic of the spicy and sweet sides of the country.

Comstock and Tenant partnered with bb.q to secure a quality supplier for the project using the metro site’s location and nearby developments, said Timothy J. Steffan, EVP/Asset Management and Development for Comstock.

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Summary

The stock market has usually left even experienced traders in a daze, catching them by surprise more often than not. Markets sometimes take an abrupt turn towards the opposite direction, even when results are as they were projected. This type of event leads to a great deal of doubt and speculation. At such times, it may be worthwhile to pay attention to historical price performance on a stock. A good idea would also be a thorough understanding of the stock’s short- and long-term trends. Comstock Holding Companies Inc. (NASDAQ: CHCI) has gained 23.39% in the past week but gained 67.46% year-over-year during the third quarter. Back over the last six months, the stock’s price has jumped 29.05% and has gained 33.12% in the past year.

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