Shares of Boston Properties (BXP) Sees Large Outflow of Money

Boston Properties (BXP) : Money flow in the Boston Properties (BXP) stock was negative (1.05 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.76 million, compared to $2.81 million on downticks. The total uptick to downtick ratio was 0.63, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.1 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.1 million, indicating persistent selling. Boston Properties (BXP) traded $0.22 higher at $136.83 gaining 0.16% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.47% and the 50-Day Moving Average is 5.73%. Shares have rallied 7.94% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $134.81 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $128.28 and the 200 Day Moving Average price is recorded at $124.20.

Boston Properties (NYSE:BXP): The stock opened at $136.53 on Thursday but the bulls could not build on the opening and the stock topped out at $137.13 for the day. The stock traded down to $135.63 during the day, due to lack of any buying support eventually closed down at $135.86 with a loss of -0.55% for the day. The stock had closed at $136.61 on the previous day. The total traded volume was 440,443 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Boston Properties Inc, Dykstra Karen E had purchased shares worth of $189,735 in a transaction dated on June 14, 2016. A total of 1,500 shares were purchased at a price of $126.49 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.

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