Shares of Kimco Realty Corporation (NYSE:KIM) Sees Large Outflow of Money

Kimco Realty Corporation (NYSE:KIM) : The total negative money flow of $6.17 million on Wednesday indicates selling on strength. The inflow of money on upticks was $8.07 million, compared to $14.24 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.57. The negative money flow of $5.49 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.57 million in a block trade.The transaction value of block trade on downtick was $6.06 million. The uptick to downtick ratio was 0.09. The price action in the Kimco Realty Corporation (NYSE:KIM) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $30.94 with a gain of $0.37 , a change of 1.21% over the previous days close. The stock registered 4.67% for the week.


In an insider trading activity, Flynn Conor C, director officer (President and CEO) of Kimco Realty Corp, unloaded 58,300 shares at an average price of $29.72 on May 9, 2016. The total amount of the transaction was worth $1,732,676, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 3.2% of Kimco Realty Corporation shares according to the proxy statements. Institutional Investors own 91.75% of Kimco Realty Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.68%.

The company shares have rallied 34.49% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $30.59 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $28.84 and the 200 Day Moving Average price is recorded at $27.71. Kimco Realty Corporation (NYSE:KIM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.72 and $30.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.92, notching a gain of 1.14% for the day. The total traded volume was 4,808,416 . The stock had closed at $30.57 on the previous day.

Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT), which owns and operates neighborhood and community shopping centers. The Company had interests in approximately 754 shopping center properties, aggregating 109.5 million square feet of gross leasable area (GLA), and 533 other property interests, primarily through the Companys preferred equity investments and other real estate investments, totaling approximately 11.7 million square feet of GLA, for a total of 1,287 properties aggregating 121.2 million square feet of GLA, located in 41 states in the United States and also in Puerto Rico, Canada, Mexico and Chile. The Companys investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Companys tenants include TJX Companies, The Home Depot, Wal-Mart, Kohls and Bed Bath.

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