SL Green Realty Corporation (SLG) : Traders are bullish on SL Green Realty Corporation (SLG) as it has outperformed the S&P 500 by a margin of 5.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.53%, 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 5.18% in the last 1 week, and is up 12.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SL Green Realty Corporation (NYSE:SLG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $113.02 and $113.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.82, notching a gain of 1.49% for the day. The total traded volume was 1,049,015 . The stock had closed at $113.13 on the previous day.
The stock has recorded a 20-day Moving Average of 8.28% and the 50-Day Moving Average is 11.99%. SL Green Realty Corp. is up 9.9% in the last 3-month period. Year-to-Date the stock performance stands at 3.17%.
SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.