Shares of CBL & Associates Properties (CBL) Sees Large Inflow of Net Money Flow

CBL & Associates Properties (CBL) : $17.63 million worth of transactions were on upticks in CBL & Associates Properties (CBL), compared to $8.56 million on downticks. The ratio between the two was 2.06, whereas, the net money flow stood at a healthy $9.07 million on Fridays session.The block trades show a bullish bias with only $1.81 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $8.51million worth of trades. The up-down ratio between the uptick and downtick was 4.71, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $6.7 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -4.7%. The stock was trading at $13.6, with a drop of $0.67 over the previous days close. The stock recorded 2.72% for the week.


The company Insiders own 11.62% of CBL & Associates Properties shares according to the proxy statements. Institutional Investors own 93.14% of CBL & Associates Properties shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Cbl & Associates Properties Inc, Mitchell Farzana K, had purchased 825 shares in a transaction dated on November 10, 2015. The transaction was executed at $13.3 per share with total amount equaling $10,973.

CBL & Associates Properties (NYSE:CBL): The stock opened at $13.67 and touched an intraday high of $13.83 on Friday. During the day, the stock corrected to an intraday low of $13.43, however, the bulls stepped in and pushed the price higher to close in the green at $13.65 with a gain of 0.37% for the day. The total traded volume for the day was 3,094,153. The stock had closed at $13.6 in the previous trading session.

CBL & Associates Properties (CBL) : Traders are bullish on CBL & Associates Properties (CBL) as it has outperformed the S&P 500 by a wide margin of 11.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.1% in the last 1 week, and is up 11.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties. Its properties are located in 27 states, but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of December 31, 2014, the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers, and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.

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.