Sun Communities (SUI) : The total negative money flow of $11.65 million on Friday indicates selling on strength. The inflow of money on upticks was $7.64 million, compared to $19.3 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.4. The negative money flow of $13.08 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $13.08 million. The price action in the Sun Communities (SUI) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $77.33 with a gain of $1.48 , a change of 1.95% over the previous days close. The stock registered 2.46% for the week.
Sun Communities (SUI) : Average target price received by Sun Communities (SUI) is $69.5 with an expected standard deviation of $6.36. The most aggressive target on the stock is $74, whereas the most downbeat target is $65. 2 financial analysts are currently covering the stock.
Sun Communities (NYSE:SUI): stock turned positive on Friday. Though the stock opened at $75.55, the bulls momentum made the stock top out at $77.44 level for the day. The stock recorded a low of $75.55 and closed the trading day at $77.33, in the green by 1.95%. The total traded volume for the day was 674,779. The stock had closed at $75.85 in the previous days trading.
In a related news, The Director Officer (Chrmn And Ceo), of SUN COMMUNITIES INC, Shiffman Gary A had unloaded 18,371 shares at $76.48 per share in a transaction on June 30, 2016. The total value of transaction was $1,405,014. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Sun Communities, Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations, and Home Sales and Rentals. The Real Property Operations segment owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring, operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States, including 183 MH communities, 25 RV communities and nine properties containing both MH and RV sites.