Large Outflow of Money Witnessed in SL Green Realty Corporation

SL Green Realty Corporation (SLG) : Money flow in the SL Green Realty Corporation (SLG) stock was negative (2.76 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $6.38 million, compared to $9.14 million on downticks. The total uptick to downtick ratio was 0.7, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.99 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.99 million, indicating persistent selling. SL Green Realty Corporation (SLG) traded $0.07 higher at $110.14 gaining 0.06% over the previous days close.

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SL Green Realty Corp. has lost 1.57% in the last five trading days and dropped 4.47% in the last 4 weeks. SL Green Realty Corp. is up 7.15% in the last 3-month period. Year-to-Date the stock performance stands at -0.81%.

SL Green Realty Corporation (SLG) has an average broker rating of 1.81, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

SL Green Realty Corporation (NYSE:SLG): The stock opened at $110.27 and touched an intraday high of $110.945 on Wednesday. During the day, the stock corrected to an intraday low of $109.72, however, the bulls stepped in and pushed the price higher to close in the green at $110.39 with a gain of 0.29% for the day. The total traded volume for the day was 583,770. The stock had closed at $110.79 in the previous trading session.

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

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