DDR (DDR) : Traders are bullish on DDR (DDR) as it has outperformed the S&P 500 by a wide margin of 4.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.62% in the last 1 week, and is up 8.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.26% and the 50-Day Moving Average is 8%.
DDR (NYSE:DDR): The stock opened at $19.21 on Friday but the bulls could not build on the opening and the stock topped out at $19.25 for the day. The stock traded down to $19.11 during the day, due to lack of any buying support eventually closed down at $19.17 with a loss of -0.16% for the day. The stock had closed at $19.20 on the previous day. The total traded volume was 2,672,373 shares.
The company Insiders own 16.2% of DDR shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.29% . Institutional Investors own 90.7% of DDR shares. During last six month period, the net percent change held by insiders has seen a change of -7.8%. In a related news, The Securities and Exchange Commission has divulged that Vesy Christa A, Officer (Exec. V.P. & Chief Acct. Off.) of DDR CORP, had unloaded 5,000 shares at an average price of $17.38 in a transaction dated on June 27, 2016. The total value of the transaction was worth $86,900.
DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, the Company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California, Easton Market in Ohio and The Maxwell in Illinois.