SL Green Realty Corporation (NYSE:SLG) : Traders are bullish on SL Green Realty Corporation (NYSE:SLG) as it has outperformed the S&P 500 by a wide margin of 4.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.44%, 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 1.73% in the last 1 week, and is up 6.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -7.25% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $121.94 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $101.48 and the 200 Day Moving Average price is recorded at $99.06.
The stock has recorded a 20-day Moving Average of 4.66% and the 50-Day Moving Average is 4.31%.
SL Green Realty Corporation (NYSE:SLG): stock turned positive on Friday. Though the stock opened at $103.38, the bulls momentum made the stock top out at $106.06 level for the day. The stock recorded a low of $103.38 and closed the trading day at $105.98, in the green by 3.33%. The total traded volume for the day was 641,410. The stock had closed at $102.56 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Levy John S, director of Sl Green Realty Corp, had unloaded 12,000 shares at an average price of $105.39 in a transaction dated on April 25, 2016. The total value of the transaction was worth $1,264,680.
SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.