Shares of Piedmont Office Realty Trust (NYSE:PDM) Sees Large Outflow of Money

Shares of Piedmont Office Realty Trust (NYSE:PDM) advanced to $20.74. The price had gained 0.56% or 0.12 points intraday. The latest trading session witnessed $1.22 million in upticks and $3.38 million in downticks, resulting in net money flow of (-2.16) million. The up/down ratio for the day stood at 0.36. On a weekly scale, the price has seen a change of 0.66%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-2.06) million occurred during the day. $0 million in uptick and $2.06 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


The stock has recorded a 20-day Moving Average of 1.56% and the 50-Day Moving Average is 2.86%. The company shares have rallied 16.3% in the past 52 Weeks. On June 13, 2016 The shares registered one year high of $20.99 and one year low was seen on August 26, 2015 at $16.54. The 50-day moving average is $20.33 and the 200 day moving average is recorded at $19.31. S&P 500 has rallied 1.93% during the last 52-weeks.

Piedmont Office Realty Trust (NYSE:PDM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.64 and $20.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.67, notching a gain of 0.24% for the day. The total traded volume was 819,046 . The stock had closed at $20.62 on the previous day.

Currently the company Insiders own 0.69% of Piedmont Office Realty Trust shares according to the proxy statements. Institutional Investors own 82.59% of Piedmont Office Realty Trust shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Moon Laura P, officer (SVP- CAO) of Piedmont Office Realty Trust, Inc., had unloaded 11,000 shares at an average price of $18.75 in a transaction dated on December 10, 2015. The total value of the transaction was worth $206,250.

Piedmont Office Realty Trust, Inc. (Piedmont) is an integrated, self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, management, development, and disposition of primarily Class A office buildings located in the United States office markets. The Company conducts business through Piedmont Operating Partnership, L.P., as well as performing the management of its buildings through two wholly owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. The Company owns and operates 74 office properties, one redevelopment asset, and one office building through an unconsolidated joint venture. The Companys office buildings are located primarily in nine United States office markets, including Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Minneapolis, New York and Washington, D.C.

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