WP Glimcher (WPG) : Traders are bullish on WP Glimcher (WPG) as it has outperformed the S&P 500 by a wide margin of 11.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.13%, 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 2.64% in the last 1 week, and is up 16.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 9.48% and the 50-Day Moving Average is 15.83%.
WP Glimcher (NYSE:WPG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.32 and $12.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.43, notching a gain of 0.40% for the day. The total traded volume was 1,745,853 . The stock had closed at $12.38 on the previous day.
The company Insiders own 3.3% of WP Glimcher shares according to the proxy statements. Institutional Investors own 88.8% of WP Glimcher shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CAO and SVP, Finance) of Wp Glimcher Inc., Indest Melissa A., had purchased 5,000 shares in a transaction dated on August 10, 2015. The transaction was executed at $13.05 per share with total amount equaling $65,250.
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.