Large Inflow of Money Detected in SL Green Realty Corporation

SL Green Realty Corporation (SLG) stock had a bullish inflow of $20.66 million worth of trades on uptick and an outflow of $12.45 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.66. The net money flow into the stock was $8.21 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 $8.35 million. $8.35 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, SL Green Realty Corporation (SLG) stock traded down $0.31 , and reached $115.25, a drop of -0.27% over the previous day. On a weekly basis, the stock is 0.87%, over the previous weeks close.


Also, BTIG Research initiates coverage on SL Green Realty Corporation (NYSE:SLG) The shares have been rated Neutral. The rating by the firm was issued on August 25, 2016.

SL Green Realty Corp. has lost 0.6% in the last five trading days and dropped 1.91% in the last 4 weeks. SL Green Realty Corp. is up 14.47% in the last 3-month period. Year-to-Date the stock performance stands at 3.56%.

SL Green Realty Corporation (NYSE:SLG): The stock opened at $115.70 on Tuesday but the bulls could not build on the opening and the stock topped out at $116.02 for the day. The stock traded down to $114.12 during the day, due to lack of any buying support eventually closed down at $115.25 with a loss of -0.27% for the day. The stock had closed at $115.56 on the previous day. The total traded volume was 589,983 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Sl Green Realty Corp, Holliday Marc had purchased shares worth of $1,005,193 in a transaction dated on July 28, 2016. A total of 37,340 shares were purchased at a price of $26.92 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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