WP Glimcher (WPG) Shares are Down -2.9%

WP Glimcher (WPG) : During the past 4 weeks, traders have been relatively bearish on WP Glimcher (WPG), hence the stock is down -10.13% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.06% relative to the S&P 500. The 4-week change in the price of the stock is -10.61% and the stock has fallen -2.9% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.04% and the 50-Day Moving Average is 2.96%.The 200 Day SMA reached 19.44%


WP Glimcher (NYSE:WPG): After opening at $12.4, the stock dipped to an intraday low of $12.14 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.49 and the buying power remained strong till the end. The stock closed at $12.38 for the day, a gain of 0.81% for the day session. The total traded volume was 1,584,721. The stocks close on the previous trading day was $12.38.

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.

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