Large Outflow of Money Witnessed in ProLogis

ProLogis (PLD) : Money flow in the ProLogis (PLD) stock was negative (8.86 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $14.57 million, compared to $23.44 million on downticks. The total uptick to downtick ratio was 0.62, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.93 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $7.93 million, indicating persistent selling. ProLogis (PLD) traded $0.31 higher at $51.64 gaining 0.59% over the previous days close.


Prologis, Inc. is up 15.39% in the last 3-month period. Year-to-Date the stock performance stands at 22.52%. Shares of Prologis, Inc. rose by 3.43% in the last five trading days and 2.56% for the last 4 weeks. In a related news,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 (NYSE:PLD): stock turned positive on Monday. Though the stock opened at $51.33, the bulls momentum made the stock top out at $51.66 level for the day. The stock recorded a low of $51.13 and closed the trading day at $51.62, in the green by 0.56%. The total traded volume for the day was 3,554,346. The stock had closed at $51.33 in the previous days trading.

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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