Large Inflow of Money Detected in Franklin Street Properties

Franklin Street Properties (FSP) stock had a bullish inflow of $8.62 million worth of trades on uptick and an outflow of $1.23 million in downticks on Monday. The total uptick to downtick ratio stood at 7. The net money flow into the stock was $7.39 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $7.56 million. $7.56 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Franklin Street Properties (FSP) stock traded down $0.1 , and reached $12.43, a drop of -0.8% over the previous day. On a weekly basis, the stock is -2.97%, over the previous weeks close.


Franklin Street Properties Corp. has dropped 3.79% in the last five trading days, however, the shares have posted positive gains of 1.46% in the last 4 weeks. Franklin Street Properties Corp. is up 12.79% in the last 3-month period. Year-to-Date the stock performance stands at 26.51%.

Franklin Street Properties (NYSEMKT:FSP): The stock opened at $12.58 on Monday but the bulls could not build on the opening and the stock topped out at $12.71 for the day. The stock traded down to $12.40 during the day, due to lack of any buying support eventually closed down at $12.43 with a loss of -0.80% for the day. The stock had closed at $12.53 on the previous day. The total traded volume was 1,473,157 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Franklin Street Properties Corp /Ma/, Burke John N had purchased shares worth of $15,346 in a transaction dated on May 25, 2016. A total of 1,385 shares were purchased at a price of $11.08 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Franklin Street Properties Corp. (FSP Corp.) is a Real Estates Investment Trusts (REIT). The Company is focused on commercial real estate investments primarily in office markets and operates through real estate operations. The Companys real estate operations include real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. It owns and operates a portfolio of real estate consisting of 38 properties, managed 10 Sponsored REITs and held five promissory notes secured by mortgages on real estate owned by Sponsored REITs. FSP Corp. holds, directly and indirectly, 100% of the interest in FSP Investments LLC, FSP Property Management LLC, FSP Holdings LLC and FSP Protective TRS Corp. It provides asset management, property management, property accounting, development services to its portfolio and certain of its Sponsored REITs through its subsidiaries.

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