Large Inflow of Money Detected in ProLogis

ProLogis (PLD) : Investors lapped up stocks on upticks to the tune of $14.2 million in the Thursdays trading session. The trading value on downticks was comparatively at $11.87 million and the uptick to downtick ratio of 1.2 indicates continuous buying by the bulls. The net money flow into the stock was $2.33 million. The block trades were dominated by the bulls with a healthy 0.72, uptick to downtick ratio. Only $2.43 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $1.74 clearly indicating buying by large investors. The total money flow for block trades stood at $-0.69 million, which is a positive for the stock in the long-term. ProLogis (PLD) fell $0.05 during the day at $50.6, a drop of -0.1% over the previous days close. However, for the week, the stock is 2.12%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 3.18% and the 50-Day Moving Average is 5.84%. Shares have rallied 28.34% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $50.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $48.83 and the 200 Day Moving Average price is recorded at $43.89.

ProLogis (NYSE:PLD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.86 and $50.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.96, notching a gain of 0.61% for the day. The total traded volume was 3,517,040 . The stock had closed at $50.65 on the previous day.

In an insider trading activity,The officer (Chief Legal Off./Gen. Counsel) of Prologis, Inc., Nekritz Edward S sold 5,675 shares at $50.2 on June 17, 2016. The Insider selling transaction had a total value worth of $284,885. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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