Large Inflow of Money Detected in Empire State Realty Trust

Empire State Realty Trust (ESRT) : Thursdays money flow data in Empire State Realty Trust (ESRT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $6.29 million, whereas, $3.06 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.05, in favor of the bulls. The total money flow into the stock was $3.22 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $3.26 million. The total value of block trades done on upticks was $4.5 million. The value of bearish trades on downticks was only $1.24 million.The up/down ratio in the block trades was a healthy 3.63 in favor of the bulls, suggesting strong buying in the stock by large traders. Empire State Realty Trust (ESRT) fell $0.05 and traded at $19.65, down -0.25% for the day, over previous days close. On a weekly basis, the shares are 1.24% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 3.23% and the 50-Day Moving Average is 3.32%. Shares have rallied 10.54% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $19.77 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $19.06 and the 200 Day Moving Average price is recorded at $17.74.

Empire State Realty Trust (NYSE:ESRT): The stock was completely flat for the day, closing at $19.70 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $19.67, the stock touched an intraday high of $19.78 and a low of $19.54. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $19.70. The total trading volume on Thursday was 1,753,393.

Empire State Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company operates in two segments: Real Estate and Observatory. The Companys real estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. Its observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. These two lines of businesses are managed separately and provide different services.

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