Sun Communities (NYSE:SUI) : Traders are bullish on Sun Communities (NYSE:SUI) as it has outperformed the S&P 500 by a wide margin of 9.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.25%, 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 1.53% in the last 1 week, and is up 11.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 17.52% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $77.91 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $71.94 and the 200 Day Moving Average price is recorded at $69.33.
The stock has recorded a 20-day Moving Average of 6.3% and the 50-Day Moving Average is 9.6%.
Sun Communities (NYSE:SUI): stock turned positive on Friday. Though the stock opened at $76.93, the bulls momentum made the stock top out at $77.65 level for the day. The stock recorded a low of $76.77 and closed the trading day at $77.54, in the green by 1.20%. The total traded volume for the day was 761,275. The stock had closed at $76.62 in the previous days trading.
In an insider trading activity,The Director Officer (Chrmn And Ceo) of SUN COMMUNITIES INC, Shiffman Gary A sold 18,371 shares at $76.48 on June 30, 2016. The Insider selling transaction had a total value worth of $1,405,014. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Sun Communities, Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations, and Home Sales and Rentals. The Real Property Operations segment owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring, operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States, including 183 MH communities, 25 RV communities and nine properties containing both MH and RV sites.