Shares of General Growth Properties (GGP) Sees Large Inflow of Net Money Flow

General Growth Properties (GGP) stock had a bullish inflow of $5.69 million worth of trades on uptick and an outflow of $3.25 million in downticks on Monday. The total uptick to downtick ratio stood at 1.75. The net money flow into the stock was $2.44 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.61 million. $2.61 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, General Growth Properties (GGP) stock traded down $0.01 , and reached $31, a drop of -0.03% over the previous day. On a weekly basis, the stock is 0.06%, over the previous weeks close.


General Growth Properties, Inc is up 5.86% in the last 3-month period. Year-to-Date the stock performance stands at 14.15%. General Growth Properties, Inc has dropped 0.13% in the last five trading days, however, the shares have posted positive gains of 9.95% in the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Levine Marvin J, Officer (Evp, Chief Legal Officer) of General Growth Properties, Inc., had unloaded 15,000 shares at an average price of $29.7 in a transaction dated on June 29, 2016. The total value of the transaction was worth $445,500.

General Growth Properties (NYSE:GGP): stock turned positive on Monday. Though the stock opened at $31.09, the bulls momentum made the stock top out at $31.12 level for the day. The stock recorded a low of $30.9 and closed the trading day at $31.06, in the green by 0.16%. The total traded volume for the day was 1,999,883. The stock had closed at $31.01 in the previous days trading.

General Growth Properties, Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. As of December 31, 2014, the Company owned, either entirely or with joint venture partners, 128 retail properties. The Companys business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31, 2014, GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition, the Operating Partnerships conduct their operations through General Growth Management, Inc. (GGMI), General Growth Services, Inc. (GGSI) and GGPLP REIT Services, LLC (GGPRS).

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