Large Inflow of Money Detected in SL Green Realty Corporation

SL Green Realty Corporation (SLG) : Wednesdays money flow indicated an uptick to downtick ratio was at 2.97. The total value of inflow transactions on upticks was $26.42 million, whereas, the total value of outflow trades on downticks was $8.89 million. The total money flow was $17.53 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $16.68 million. The total value of the trades done on upticks was $16.68 million. SL Green Realty Corporation (SLG) was trading with a -0.25% change over previous days close. It fell $0.28 during the day and reached $110.6. The stock was 1.31% compared to the previous weeks close.


Also, In a research note released to the investors, UBS downgrades its rating on SL Green Realty Corporation (NYSE:SLG).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 1, 2016.

SL Green Realty Corporation (NYSE:SLG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $110.75 and $109.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $111.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $110.90, notching a gain of 0.02% for the day. The total traded volume was 735,527 . The stock had closed at $110.88 on the previous day.

The stock has recorded a 20-day Moving Average of 5.62% and the 50-Day Moving Average is 8.46%. In a related news,The director of Sl Green Realty Corp, Levy John S sold 12,000 shares at $105.39 on April 25, 2016. The Insider selling transaction had a total value worth of $1,264,680. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

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