On a relative basis, the stock has outperformed the S&P 500 by 3.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.12% in the last 1 week, and is up 5.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 15.31% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $17.43 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $16.28 and the 200 Day Moving Average price is recorded at $15.66.
The stock has recorded a 20-day Moving Average of 4.43% and the 50-Day Moving Average is 5.72%.
Retail Properties of America (NYSE:RPAI): stock turned positive on Friday. Though the stock opened at $17.05, the bulls momentum made the stock top out at $17.142 level for the day. The stock recorded a low of $16.92 and closed the trading day at $17.1, in the green by 0.71%. The total traded volume for the day was 1,321,927. The stock had closed at $16.98 in the previous days trading.
In an insider trading activity, Biumi Bonnie, director of Retail Properties Of America, Inc., executed a transaction worth $32,480 on June 7, 2016. A total of 2,000 shares were purchased at an average price of $16.24. 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.
Retail Properties of America, Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Companys retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties. Its properties include 23rd Street Plaza, Panama City; Academy Sports, Houma; Academy Sports, Midland; Academy Sports, Port Arthur; Arvada Connection and Arvada Marketplace, Arvada; The Brickyard, Chicago; Broadway Shopping Center, Bangor, and Cinemark Seven Bridges, Woodridge, among others. It also owns a property, Towson Square, which is approximately 138,000 square foot entertainment based center, including a range of national and regional restaurant concepts. The Company owns approximately 201 retail operating properties representing over 29.2 million square feet.