Shares of WP Glimcher (NYSE:WPG) Sees Large Outflow of Money

WP Glimcher (NYSE:WPG) surged 4.96% during the last session. The last traded price was up 0.53 points at $11.12. The data for the fund flow suggests that the net intraday money flow was $(-0.94) million. The fund value in upticks was recorded to be $3.08 million and in downticks, it was found to be $4.02 million. The up/down ratio for the day was measured to be 0.77. For the week, the shares have seen a percentage change of 4.27%.A block trade of $(-0.6) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.67 million and that of downticks was $1.27 million. The block tradeoff had the up/down ratio of 0.53.


The stock has recorded a 20-day Moving Average of 6.94% and the 50-Day Moving Average is 9.17%. The company shares have dropped 23.32% in the past 52 Weeks. On July 7, 2015 The shares registered one year high of $14.29 and one year low was seen on February 11, 2016 at $7.41. The 50-day moving average is $10.5 and the 200 day moving average is recorded at $9.76. S&P 500 has rallied 1.93% during the last 52-weeks.

WP Glimcher (NYSE:WPG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.90 and $10.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.15, notching a gain of 5.29% for the day. The total traded volume was 4,917,653 . The stock had closed at $10.59 on the previous day.

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, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CAO and SVP, Finance) of Wp Glimcher Inc., Indest Melissa A., had purchased 5,000 shares in a transaction dated on August 10, 2015. The transaction was executed at $13.05 per share with total amount equaling $65,250.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.