Paramount Group (NYSE:PGRE) : During the past 4 weeks, traders have been relatively bearish on Paramount Group (NYSE:PGRE), hence the stock is down -3.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.77% relative to the S&P 500. The stock has risen by 0.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.09% in the past 4 weeks.
The company shares have dropped -10.11% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $18.56 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $16.04 and the 200 Day Moving Average price is recorded at $16.20.
The stock has recorded a 20-day Moving Average of 0.52% and the 50-Day Moving Average is 1.89%.
Paramount Group (NYSE:PGRE): stock turned positive on Friday. Though the stock opened at $15.6, the bulls momentum made the stock top out at $15.94 level for the day. The stock recorded a low of $15.52 and closed the trading day at $15.92, in the green by 2.98%. The total traded volume for the day was 1,537,972. The stock had closed at $15.46 in the previous days trading.
In an insider trading activity, Oconnor David P, director of Paramount Group, Inc., executed a transaction worth $487,360 on March 10, 2016. A total of 32,000 shares were purchased at an average price of $15.23. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramounts portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that was 93.9% leased. Paramount has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. Paramounts private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco. The Alternative Investment Funds invest in real estate related debt and preferred equity investments.