Large Outflow of Money Witnessed in WP Glimcher

WP Glimcher (NYSE:WPG) jumped 0.22 points or 1.93% on strong buying and was last priced at $11.63 per share. The shares saw huge fund flow intraday; a massive $5.1 million made their way in through the upticks but an even bigger $6.25 million made their way out through downticks. As per the last observation, the net money flow stood at $(-1.14) million and the up/down ratio was found to be 0.82. The shares have seen a weekly value change of 12.8% .A block trade was recorded in the company shares with a net money flow of $(-0.44) million. The composite value of the funds in upticks was $0.27 million and the total value of funds in downticks was $0.72. As can be seen from the data, the block transaction had the up/down ratio of 0.38.


Currently the company Insiders own 3.3% of WP Glimcher shares according to the proxy statements. Institutional Investors own 90.45% of WP Glimcher shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (CAO and SVP, Finance) of Wp Glimcher Inc., Indest Melissa A. had purchased shares worth of $65,250 in a transaction dated on August 10, 2015. A total of 5,000 shares were purchased at a price of $13.05 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

WP Glimcher (NYSE:WPG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.79 points or 6.79% at $10.84 with 3,091,737 shares getting traded. Post opening the session at $11.59, the shares hit an intraday low of $10.75 and an intraday high of $11.59 and the price was in this range throughout the day. The company has a market cap of $2,009 million and the number of outstanding shares have been calculated to be 185,310,860 shares. The 52-week high of WP Glimcher (NYSE:WPG) is $14.4 and the 52-week low is $7.41.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Boenning & Scattergood, upgrades their rating on the shares of WP Glimcher (NYSE:WPG). Boenning & Scattergood has a Neutral rating on the shares. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on April 6, 2016.

WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Companys majority owned partnership subsidiary that owns, through its affiliates, all of the Companys real estate properties and other assets. As of December 31, 2014, the Companys assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls. The Companys properties are leased to various tenants across the retail, including anchor stores, big-box tenants, national inline tenants, sitdown restaurants, movie theatres and regional and local retailers. The Companys properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall, and Westminster Mall, among others.

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