On a relative basis, the stock has outperformed the S&P 500 by 3.74% 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 0.84% in the last 1 week, and is up 5.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 14.32% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $24.12 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.51 and the 200 Day Moving Average price is recorded at $19.63.
The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 10.19%.
Stag Industrial (NYSE:STAG): stock turned positive on Friday. Though the stock opened at $23.65, the bulls momentum made the stock top out at $23.98 level for the day. The stock recorded a low of $23.53 and closed the trading day at $23.95, in the green by 2.09%. The total traded volume for the day was 756,071. The stock had closed at $23.46 in the previous days trading.
In an insider trading activity,The officer (EVP and Director-Real Estate) of Stag Industrial, Inc., King David G sold 9,550 shares at $22.7 on June 9, 2016. The Insider selling transaction had a total value worth of $216,785. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
STAG Industrial, Inc. is focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2014, The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet, consisting of 178 warehouse/distribution buildings, 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31, 2014, its buildings were 94.9% leased to 227 tenants, with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.