WP Glimcher (WPG) : On Friday, The money flowed into the WP Glimcher (WPG) stock with an uptick to downtick ratio was recorded at 1.66. Transactions worth $3.99 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $2.4 million. The total money flow into the stock was $1.59 million. The block trades reveal a bullish bias with an up-down ratio of 2.51. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.83 million of block transactions on upticks. The value of block trades on downticks was $0.73 million, indicating lower selling interest. The total money flow in block trades was $1.1 million. In terms of price action, WP Glimcher (WPG) traded down $0.12 during the session at $13.68. Compared to the previous days closing, the stock was down only by -0.83%. For the week, the stock is 1.07%, over previous weeks closing.
The company Insiders own 0.28% of WP Glimcher shares according to the proxy statements. Institutional Investors own 94.36% of WP Glimcher shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (CAO and SVP, Finance) of Wp Glimcher Inc., Indest Melissa A. had purchased shares worth of $65,250 in a transaction dated on August 10, 2015. A total of 5,000 shares were purchased at a price of $13.05 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
WP Glimcher (NYSE:WPG): The stock opened at $13.87 and touched an intraday high of $14.15 on Friday. During the day, the stock corrected to an intraday low of $13.565, however, the bulls stepped in and pushed the price higher to close in the green at $13.85 with a gain of 0.44% for the day. The total traded volume for the day was 2,712,068. The stock had closed at $13.79 in the previous trading session.
WP Glimcher (WPG) : Traders are bullish on WP Glimcher (WPG) as it has outperformed the S&P 500 by a wide margin of 5.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.85%, 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 2.37% in the last 1 week, and is up 5.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Companys majority owned partnership subsidiary that owns, through its affiliates, all of the Companys real estate properties and other assets. As of December 31, 2014, the Companys assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls. The Companys properties are leased to various tenants across the retail, including anchor stores, big-box tenants, national inline tenants, sitdown restaurants, movie theatres and regional and local retailers. The Companys properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall, and Westminster Mall, among others.