Large Inflow of Money Witnessed in Simon Property Group

Simon Property Group (SPG) : Simon Property Group (SPG) had a healthy money flow of $15.8 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $77.13 million, whereas, investors only sold shares worth $61.33 million on downticks. The stock closed the day with an up-down ratio of 1.26.The money flow in the block trades to the tune of $20.16 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $28.62 million worth of transactions were on upticks. A paltry $8.45 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.39. Simon Property Group (SPG) stock slid $1.95 intraday and traded at 215.59, a change of -0.9% over previous days close. However, for the week, the company shares are -0.71% compared to previous weeks close.


Simon Property Group (SPG) stock is expected to deviate a maximum of $21.93 from the average target price of $223.07 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $254 and the most muted being $160. The stock has recorded a 20-day Moving Average of 3.36% and the 50-Day Moving Average is 5.85%.

Simon Property Group (NYSE:SPG): The stock opened at $217.04 on Thursday but the bulls could not build on the opening and the stock topped out at $217.66 for the day. The stock traded down to $213.87 during the day, due to lack of any buying support eventually closed down at $215.59 with a loss of -0.90% for the day. The stock had closed at $217.54 on the previous day. The total traded volume was 1,235,660 shares.

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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