Company Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) Rally 4.67%

Pennsylvania Real Estate Investment Trust (NYSE:PEI) : Traders are bullish on Pennsylvania Real Estate Investment Trust (NYSE:PEI) as it has outperformed the S&P 500 by a wide margin of 0.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.67% in the last 1 week, and is up 2.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -2.10% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $23.99 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $21.42 and the 200 Day Moving Average price is recorded at $21.06.

The stock has recorded a 20-day Moving Average of 4.94% and the 50-Day Moving Average is 2.95%.


Pennsylvania Real Estate Investment Trust (NYSE:PEI): stock turned positive on Friday. Though the stock opened at $22.21, the bulls momentum made the stock top out at $22.59 level for the day. The stock recorded a low of $22.02 and closed the trading day at $22.43, in the green by 2.19%. The total traded volume for the day was 851,122. The stock had closed at $21.95 in the previous days trading.

In an insider trading activity, Coradino Joseph F, director officer (Chief Executive Officer) of Pennsylvania Real Estate Investment Trust, unloaded 33,000 shares at an average price of $22.29 on June 9, 2016. The total amount of the transaction was worth $735,570, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trusts (REIT). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company owns interests in approximately 42 retail properties, of which 38 are operating properties and four are development properties. The 38 operating properties include approximately 32 shopping malls and over six other retail properties, have a total of approximately 28.6 million square feet and are located in 11 states. Its property portfolio includes Cherry Hill Mall, New Jersey, Willow Grove Park, Pennsylvania, New River Valley Mall, Lycoming Mall, Palmer Park Mall, Uniontown Mall, Washington Crown Center and Beaver Valley Mall, among others. Its portfolio also includes other retail properties, including power centers, street level retail, office properties and properties under redevelopment.

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