Shares of Equity Residential (EQR) Sees Large Outflow of Money

Equity Residential (EQR) : The total money flow in Equity Residential (EQR) was negative ($1.74 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $4.11 million. Transactions on upticks were comparatively lower at $2.38 million. The uptick to downtick ratio was 0.58. The total block trades on downticks were valued at $1.59 million. The money flow during block trades was negative ($1.59 million) when the stock traded with a gain of $2 cent. Equity Residential (EQR) was $70.93, an increase of 0.03% over the previous days close.


The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 4.42%. Shares have dropped -5.40% from its 1 Year high price. On Dec 31, 2015, the shares registered one year high at $82.39 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $66.92 and the 200 Day Moving Average price is recorded at $71.94.

Equity Residential (NYSE:EQR): The stock opened at $70.81 on Thursday but the bulls could not build on the opening and the stock topped out at $71.09 for the day. The stock traded down to $70.15 during the day, due to lack of any buying support eventually closed down at $70.45 with a loss of -0.65% for the day. The stock had closed at $70.91 on the previous day. The total traded volume was 1,287,359 shares.

In an insider trading activity,The officer (Executive Vice President) of Equity Residential, Tennison Mark N sold 52,293 shares at $74.88 on March 29, 2016. The Insider selling transaction had a total value worth of $3,915,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Equity Residential is a real estate investment trust (REIT) focused on the acquisition, development and management of apartment properties in the United States growth markets. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential. The Company is the general partner and owns an approximate 96.2% ownership interest in ERPOP. The remaining 3.8% interest is owned by limited partners. As of December 31, 2014, the Company, directly or indirectly through investments in title holding entities, owned all or a portion of 391 properties located in 12 states and the District of Columbia consisting of 109,225 apartment units. All of the Companys property ownership, development and related business operations are conducted through ERPOP.

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