Boston Properties (BXP) : Thursdays money flow data in Boston Properties (BXP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $32.43 million, whereas, $21.82 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.49, in favor of the bulls. The total money flow into the stock was $10.61 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $11.75 million. The total value of block trades done on upticks was $13.54 million. The value of bearish trades on downticks was only $1.79 million.The up/down ratio in the block trades was a healthy 7.57 in favor of the bulls, suggesting strong buying in the stock by large traders. Boston Properties (BXP) fell $1.45 and traded at $130.03, down -1.1% for the day, over previous days close. On a weekly basis, the shares are -1.51% over the previous weeks close.
Boston Properties (BXP) stock is expected to deviate a maximum of $7.89 from the average target price of $140.64 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $155 and the most muted being $128. The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 1.56%.
Boston Properties (NYSE:BXP): The stock opened at $131.29 on Thursday but the bulls could not build on the opening and the stock topped out at $131.29 for the day. The stock traded down to $129.49 during the day, due to lack of any buying support eventually closed down at $130.03 with a loss of -1.10% for the day. The stock had closed at $131.48 on the previous day. The total traded volume was 803,437 shares.
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.