Shares of CBL & Associates Properties (CBL) Sees Large Outflow of Money

CBL & Associates Properties (CBL) : Thursdays money flow analysis of CBL & Associates Properties (CBL) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $4.56 million. In comparison, the inflow of money on upticks was a meager $3.12 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.44 million. The uptick to downtick ratio of 0.68 in the money flow shows weakness. The uptick block trades were valued at $0.6 million. The downtick transaction value was high at $1.95 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.31. Hence, the net money flow in the stock was negative ($1.35 million). CBL & Associates Properties (CBL) gained $0.13 at $9.87, a change of 1.33% over the previous days close.


CBL & Associates Properties (CBL) stock is expected to deviate a maximum of $3.51 from the average target price of $12.5 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $9. The stock has recorded a 20-day Moving Average of 3.48% and the 50-Day Moving Average is 2.74%.

CBL & Associates Properties (NYSE:CBL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.72 and $9.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.85, notching a gain of 1.13% for the day. The total traded volume was 3,501,477 . The stock had closed at $9.74 on the previous day.

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.

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