Retail Properties of America (RPAI) has been under a strong bear grip, hence the stock is down -0.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.51% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.44% in the last 1 week, and is up 3.22% 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 2.57% and the 50-Day Moving Average is 7.21%. Retail Properties of America, Inc. is up 11.41% in the last 3-month period. Year-to-Date the stock performance stands at 21.93%.
Retail Properties of America (NYSE:RPAI): stock turned positive on Friday. Though the stock opened at $17.38, the bulls momentum made the stock top out at $17.69 level for the day. The stock recorded a low of $17.38 and closed the trading day at $17.63, in the green by 0.97%. The total traded volume for the day was 1,307,043. The stock had closed at $17.46 in the previous days trading.
Retail Properties of America, Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Companys retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties. Its properties include 23rd Street Plaza, Panama City; Academy Sports, Houma; Academy Sports, Midland; Academy Sports, Port Arthur; Arvada Connection and Arvada Marketplace, Arvada; The Brickyard, Chicago; Broadway Shopping Center, Bangor, and Cinemark Seven Bridges, Woodridge, among others. It also owns a property, Towson Square, which is approximately 138,000 square foot entertainment based center, including a range of national and regional restaurant concepts. The Company owns approximately 201 retail operating properties representing over 29.2 million square feet.