Large Inflow of Money Detected in Simon Property Group

Simon Property Group (SPG) : Investors lapped up stocks on upticks to the tune of $24.36 million in the Thursdays trading session. The trading value on downticks was comparatively at $23.14 million and the uptick to downtick ratio of 1.05 indicates continuous buying by the bulls. The net money flow into the stock was $1.22 million. The block trades were dominated by the bulls with a healthy 0.69, uptick to downtick ratio. Only $4.35 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $3.01 clearly indicating buying by large investors. The total money flow for block trades stood at $-1.34 million, which is a positive for the stock in the long-term. Simon Property Group (SPG) fell $1.43 during the day at $222.81, a drop of -0.64% over the previous days close. However, for the week, the stock is 1.48%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 4.15% and the 50-Day Moving Average is 8.1%. Shares have rallied 23.66% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $222.25 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $205.99 and the 200 Day Moving Average price is recorded at $198.99.

Simon Property Group (NYSE:SPG): The stock opened at $224.23 on Thursday but the bulls could not build on the opening and the stock topped out at $224.23 for the day. The stock traded down to $221.50 during the day, due to lack of any buying support eventually closed down at $222.17 with a loss of -0.92% for the day. The stock had closed at $224.24 on the previous day. The total traded volume was 1,159,734 shares.

In an insider trading activity, Hubbard Allan B, director of Simon Property Group Inc /De/, had purchased 136 shares on April 28, 2016. The total value of the transaction was $27,869. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P. (Operating Partnership), is the Companys majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. As of December 31, 2014, the Company owned or held an interest in 207 properties in the United States, which consisted of 109 malls, 68 Premium Outlets, 13 Mills, three community centers, and 14 other retail properties in 37 states and Puerto Rico. As of December 31, 2014, the Company had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, two Premium Outlets in Canada, one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31, 2014, the Company had non-controlling ownership interests in five outlet properties in Europe.

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