ProLogis (PLD) : On Friday, The money flowed into the ProLogis (PLD) stock with an uptick to downtick ratio was recorded at 2.21. Transactions worth $21.89 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $9.91 million. The total money flow into the stock was $11.98 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $12.01 million of block transactions on upticks. The total money flow in block trades was $12.01 million. In terms of price action, ProLogis (PLD) traded down $0.09 during the session at $53.02. Compared to the previous days closing, the stock was down only by -0.17%. For the week, the stock is 0.88%, over previous weeks closing.
The company Insiders own 1.29% of ProLogis shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.11% . Institutional Investors own 99.94% of ProLogis shares. During last six month period, the net percent change held by insiders has seen a change of -18.86%.
In a related news, Anderson Gary E, officer (CEO, Europe and Asia) of Prologis, Inc., unloaded 33,043 shares at an average price of $54.28 on August 12, 2016. The total amount of the transaction was worth $1,793,574, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
ProLogis (NYSE:PLD): The stock opened at $53.33 and touched an intraday high of $54.56 on Friday. During the day, the stock corrected to an intraday low of $53.24, however, the bulls stepped in and pushed the price higher to close in the green at $53.98 with a gain of 1.81% for the day. The total traded volume for the day was 2,390,897. The stock had closed at $53.02 in the previous trading session.
ProLogis (PLD) has been under a strong bear grip, hence the stock is down -0.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.19% in the past 1 week. The stock has risen by 2.7% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.26% in the past 4 weeks.
Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, the Company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.