Large Inflow of Money Detected in General Growth Properties

General Growth Properties (GGP): $5.63 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.57. The value of trades done on upticks was $15.56 million, whereas, trades done on downticks were valued at $9.93 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $7.29 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.69 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 4.3 was strongly in favor of the bulls. The money flow in block trades was $5.59 million. General Growth Properties (GGP) fell $0.17 traded at $30.99, a change of -0.55% over the previous day. The stock is 0.03% for the week.


The stock has recorded a 20-day Moving Average of 5.02% and the 50-Day Moving Average is 9.38%. Shares have rallied 18.34% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $31.22 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $28.25 and the 200 Day Moving Average price is recorded at $27.96.

General Growth Properties (NYSE:GGP): The stock opened at $31.15 on Thursday but the bulls could not build on the opening and the stock topped out at $31.20 for the day. The stock traded down to $30.93 during the day, due to lack of any buying support eventually closed down at $30.99 with a loss of -0.55% for the day. The stock had closed at $31.16 on the previous day. The total traded volume was 2,722,045 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Evp, Chief Legal Officer) of General Growth Properties, Inc., Levine Marvin J had sold 15,000 shares worth of $445,500 in a transaction dated June 29, 2016. In this transaction, 15,000 shares were sold at $29.7 per share.

General Growth Properties, Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. As of December 31, 2014, the Company owned, either entirely or with joint venture partners, 128 retail properties. The Companys business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31, 2014, GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition, the Operating Partnerships conduct their operations through General Growth Management, Inc. (GGMI), General Growth Services, Inc. (GGSI) and GGPLP REIT Services, LLC (GGPRS).

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