Large Inflow of Money Detected in Corporate Office Properties Trust

Corporate Office Properties Trust (OFC) : On Thursday, The money flowed into the Corporate Office Properties Trust (OFC) stock with an uptick to downtick ratio was recorded at 1.31. Transactions worth $6.67 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $5.07 million. The total money flow into the stock was $1.6 million. The block trades reveal a bullish bias with an up-down ratio of 1.52. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $4.07 million of block transactions on upticks. The value of block trades on downticks was $2.67 million, indicating lower selling interest. The total money flow in block trades was $1.39 million. In terms of price action, Corporate Office Properties Trust (OFC) traded down $0.1 during the session at $29.57. Compared to the previous days closing, the stock was down only by -0.32%. For the week, the stock is 0.8%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 3.18% and the 50-Day Moving Average is 7.73%. Shares have rallied 21.76% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $29.93 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.91 and the 200 Day Moving Average price is recorded at $25.17.

Corporate Office Properties Trust (NYSE:OFC): The stock opened at $29.59 on Thursday but the bulls could not build on the opening and the stock topped out at $29.82 for the day. The stock traded down to $29.49 during the day, due to lack of any buying support eventually closed down at $29.50 with a loss of -0.54% for the day. The stock had closed at $29.66 on the previous day. The total traded volume was 994,733 shares.

In an insider trading activity, Thor Greg J, officer (SVP–CAO & Controller) of Corporate Office Properties Trust, unloaded 2,085 shares at an average price of $27.56 on June 9, 2016. The total amount of the transaction was worth $57,463, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Corporate Office Properties Trust (COPT) is an integrated self-managed real estate investment trust (REIT). Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively the Operating Partnership) is the entity through which COPT, the sole general partner of COPLP, conducts all of its operations and owns almost all of its assets. The Company has 10 reportable operating office property segments (comprising the Baltimore/Washington Corridor; Northern Virginia; San Antonio; Huntsville; Washington, DC – Capitol Riverfront; St. Marys and King George Counties; Greater Baltimore; Greater Philadelphia; Colorado Springs; and Other). It also has an operating wholesale data center segment. The Company operates in two industries: commercial office properties and wholesale data center. The Company acquires, develop, manage and lease office, and data center properties concentrated in office parks located in the Greater Washington, DC/Baltimore region.

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