Shares of Hudson Pacific Properties (HPP) Sees Large Outflow of Money

Hudson Pacific Properties (HPP) : The value of composite uptick trades was $8.66 million, whereas, the value of composite downtick trades was $29.33 million. The uptick to downtick ratio stood at 0.3 with a negative money flow of ($20.67) Million during Wednesdays trading session. The block trades money flow was negative ($20.35 million).The uptick to the downtick ratio of 0.08 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.69 million. The transaction of the trades on downticks amounted to $22.04 million, which confirms investors selling on the strength of price. Hudson Pacific Properties (HPP) gained 32 cents at $32.14, an increase of 1.01% over the previous days close.


Also, Baird initiates coverage on Hudson Pacific Properties (NYSE:HPP). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on June 30, 2016.

Hudson Pacific Properties (NYSE:HPP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.94 and $31.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.14, notching a gain of 1.01% for the day. The total traded volume was 2,353,165 . The stock had closed at $31.82 on the previous day.

The stock has recorded a 20-day Moving Average of 8.83% and the 50-Day Moving Average is 11.68%. In a related news, Glaser Jonathan M, director of Hudson Pacific Properties, Inc., executed a transaction worth $80,640 on May 19, 2016. A total of 3,000 shares were purchased at an average price of $26.88. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Hudson Pacific Properties, Inc. is a real estate investment trust (REIT). The Company is a real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in markets in Northern and Southern California and the Pacific Northwest. Its portfolio includes office properties, comprising approximately 5.9 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities. Its segments include office properties and media and entertainment properties. The Companys office properties include First & King, Met Park North, Northview, Rincon Center, 275 Brannan Street, 901 Market Street, Del Amo Office Building, 6922 Hollywood, 10900 Washington and 3401 Exposition, among others. Its media and entertainment properties segment includes two properties, the Sunset Gower property and the Sunset Bronson property.

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