On a relative basis, the stock has outperformed the S&P 500 by 6.32% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.12% in the last 1 week, and is up 8.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 28.43% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $53.55 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $49.68 and the 200 Day Moving Average price is recorded at $46.10.
The stock has recorded a 20-day Moving Average of 5.31% and the 50-Day Moving Average is 9.23%.
Highwoods Properties (NYSE:HIW): stock turned positive on Friday. Though the stock opened at $52.88, the bulls momentum made the stock top out at $53.55 level for the day. The stock recorded a low of $52.88 and closed the trading day at $53.26, in the green by 1.43%. The total traded volume for the day was 747,925. The stock had closed at $52.51 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Fritsch Edward J, Director Officer (President & Ceo) of HIGHWOODS PROPERTIES INC, had unloaded 85,822 shares at an average price of $52.29 in a transaction dated on June 29, 2016. The total value of the transaction was worth $4,487,632.
Highwoods Properties, Inc. is a real estate investment trust. The Company is engaged in the business of operation, acquisition and development of real estate properties. It provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company operates office, industrial, retail and residential properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Companys portfolio consists of office properties in Raleigh, Atlanta, Tampa, Nashville, Memphis, Pittsburgh, Richmond and Orlando; office and industrial properties in Greensboro, and retail and office properties in Kansas City. The Company holds an interest of approximately 31.2 million rentable square feet of in-service properties, 1.7 million rentable square feet of properties under development and approximately 500 acres of development land.