WP Glimcher (WPG) Shares are Down -1.82%

WP Glimcher (WPG) has risen sharply, recording gains of 3.94% in the past 4 weeks. However, the stock has corrected -1.82% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.43% and the 50-Day Moving Average is 9.5%. WP Glimcher (NYSE:WPG): On Fridays trading session , Opening price of the stock was $12.99 with an intraday high of $13.16. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.86. However, the stock managed to close at $12.92, a loss of 0.39% for the day. On the previous day, the stock had closed at $12.97. The total traded volume of the day was 1,504,158 shares.


The company Insiders own 0.28% of WP Glimcher shares according to the proxy statements. Institutional Investors own 90.1% of WP Glimcher shares. Also, In the latest statement by the brokerage house, Goldman Sachs downgrades its outlook on WP Glimcher (NYSE:WPG). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 15, 2016.

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.

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Your email address will not be published.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.