Shares of Pennsylvania Real Estate Investment Trust (PEI) Sees Large Outflow of Money

Pennsylvania Real Estate Investment Trust (PEI) : The total negative money flow of $14.05 million on Thursday indicates selling on strength. The inflow of money on upticks was $2.76 million, compared to $16.81 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.16. The negative money flow of $14.12 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.15 million in a block trade.The transaction value of block trade on downtick was $15.27 million. The uptick to downtick ratio was 0.08. The price action in the Pennsylvania Real Estate Investment Trust (PEI) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $22.85 with a gain of $0.01 , a change of 0.04% over the previous days close. The stock registered 1.87% for the week.


The stock has recorded a 20-day Moving Average of 6.15% and the 50-Day Moving Average is 5.03%. Shares have dropped -0.74% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $23.99 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $21.46 and the 200 Day Moving Average price is recorded at $21.06.

Pennsylvania Real Estate Investment Trust (NYSE:PEI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.85 and $22.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.85, notching a gain of 0.04% for the day. The total traded volume was 1,322,575 . The stock had closed at $22.84 on the previous day.

In an insider trading activity, Coradino Joseph F, director officer (Chief Executive Officer) of Pennsylvania Real Estate Investment Trust, unloaded 33,000 shares at an average price of $22.29 on June 9, 2016. The total amount of the transaction was worth $735,570, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trusts (REIT). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company owns interests in approximately 42 retail properties, of which 38 are operating properties and four are development properties. The 38 operating properties include approximately 32 shopping malls and over six other retail properties, have a total of approximately 28.6 million square feet and are located in 11 states. Its property portfolio includes Cherry Hill Mall, New Jersey, Willow Grove Park, Pennsylvania, New River Valley Mall, Lycoming Mall, Palmer Park Mall, Uniontown Mall, Washington Crown Center and Beaver Valley Mall, among others. Its portfolio also includes other retail properties, including power centers, street level retail, office properties and properties under redevelopment.

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