Large Inflow of Money Witnessed in Sun Communities

Sun Communities (SUI) : Investors lapped up stocks on upticks to the tune of $4.02 million in the Thursdays trading session. The trading value on downticks was comparatively at $3.22 million and the uptick to downtick ratio of 1.25 indicates continuous buying by the bulls. The net money flow into the stock was $0.8 million. Upticks saw transactions worth $0 clearly indicating buying by large investors. The total money flow for block trades stood at $0 million, which is a positive for the stock in the long-term. Sun Communities (SUI) fell $1.08 during the day at $76.67, a drop of -1.39% over the previous days close. However, for the week, the stock is 0.39%, compared to the previous week.


Sun Communities (SUI) : 2 investment research analysts covering Sun Communities (SUI) have an average price target of $69.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $74 and the lowest target is $65 for the short term. Analysts expect the variance to be within $6.36 of the average price. The stock has recorded a 20-day Moving Average of 5.66% and the 50-Day Moving Average is 8.55%.

Sun Communities (NYSE:SUI): The stock opened at $77.45 on Thursday but the bulls could not build on the opening and the stock topped out at $77.45 for the day. The stock traded down to $76.27 during the day, due to lack of any buying support eventually closed down at $76.62 with a loss of -1.45% for the day. The stock had closed at $77.75 on the previous day. The total traded volume was 651,506 shares.

Sun Communities, Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations, and Home Sales and Rentals. The Real Property Operations segment owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring, operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States, including 183 MH communities, 25 RV communities and nine properties containing both MH and RV sites.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.