Shares of Simon Property Group (NYSE:SPG) Sees Large Outflow of Money

Simon Property Group (NYSE:SPG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.06 million) in Simon Property Group (NYSE:SPG). On Wednesday, The value of composite uptick trades was $55.71 million, whereas, the value of composite downtick trades was $61.77 million and the ratio between the two was 0.9, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.15 million. $2.61 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 1.22. The negative money flow of ($0.47 million) shows selling on strength. Simon Property Group (NYSE:SPG) gained $1.33 intraday at $214.42 and registrered 0.62% for the week.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Simon Property Group Inc /De/, Hubbard Allan B, had purchased 136 shares in a transaction dated on April 28, 2016. The transaction was executed at $204.92 per share with total amount equaling $27,869. Currently the company Insiders own 8.5% of Simon Property Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 1.57% . Institutional Investors own 95.71% of Simon Property Group shares. During last six month period, the net percent change held by insiders has seen a change of -31.19%.

The company shares have rallied 21.93% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $214.80 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $201.58 and the 200 Day Moving Average price is recorded at $197.43. Simon Property Group (NYSE:SPG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $213.90 and $212.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $216.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $214.93, notching a gain of 0.86% for the day. The total traded volume was 1,575,635 . The stock had closed at $213.09 on the previous day.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P. (Operating Partnership), is the Companys majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. As of December 31, 2014, the Company owned or held an interest in 207 properties in the United States, which consisted of 109 malls, 68 Premium Outlets, 13 Mills, three community centers, and 14 other retail properties in 37 states and Puerto Rico. As of December 31, 2014, the Company had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, two Premium Outlets in Canada, one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31, 2014, the Company had non-controlling ownership interests in five outlet properties in Europe.

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