Large Outflow of Money Witnessed in Simon Property Group

Simon Property Group (SPG) : The total money flow in Simon Property Group (SPG) was negative ($23.62 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $58.11 million. Transactions on upticks were comparatively lower at $34.48 million. The uptick to downtick ratio was 0.59. The total block trades on downticks were valued at $24.34 million. The money flow during block trades was negative ($24.34 million) when the stock traded with a gain of $55 cent. Simon Property Group (SPG) was $216.02, an increase of 0.26% over the previous days close.


The company Insiders own 8.5% of Simon Property Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.6% . Institutional Investors own 99.5% of Simon Property Group shares. During last six month period, the net percent change held by insiders has seen a change of -29.57%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP/Chief Financial Officer) of Simon Property Group Inc /De/, Juster Andrew had sold 7,000 shares worth of $1,509,900 in a transaction dated August 29, 2016. In this transaction, 7,000 shares were sold at $215.7 per share.

Simon Property Group (NYSE:SPG): The stock opened at $216.92 and touched an intraday high of $219.41 on Friday. During the day, the stock corrected to an intraday low of $215.61, however, the bulls stepped in and pushed the price higher to close in the green at $216.69 with a gain of 0.31% for the day. The total traded volume for the day was 939,104. The stock had closed at $216.02 in the previous trading session.

Simon Property Group (SPG) has been under a strong bear grip, hence the stock is down -1.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.86% in the past 1 week. The stock has risen by 1.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.37% in the past 4 weeks.

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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