On a relative basis, the stock has outperformed the S&P 500 by 6.57% 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 1.01% in the last 1 week, and is up 8.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 22.07% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $42.01 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $38.80 and the 200 Day Moving Average price is recorded at $36.74.
The stock has recorded a 20-day Moving Average of 6.5% and the 50-Day Moving Average is 9.58%.
Weingarten Realty Investors (NYSE:WRI): stock turned positive on Friday. Though the stock opened at $41.74, the bulls momentum made the stock top out at $41.97 level for the day. The stock recorded a low of $41.48 and closed the trading day at $41.93, in the green by 0.96%. The total traded volume for the day was 748,234. The stock had closed at $41.53 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Hendrix Johnny, officer (Executive VP/COO) of Weingarten Realty Investors /Tx/, had unloaded 69,303 shares at an average price of $37.78 in a transaction dated on April 26, 2016. The total value of the transaction was worth $2,618,267.
Weingarten Realty Investors is a real estate investment trust (REIT). The Companys primary business is leasing space to tenants in the shopping centers it owns or leases. It is engaged in the business of owning, managing and developing shopping centers and other commercial centers. The Company also provides property management services. The Companys properties consist primarily of neighborhood and community shopping centers. As of December 31, 2014, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 234 developed income-producing properties and three properties under various stages of construction and development. The portfolio of properties contains approximately 45.3 million square feet of gross leasable area that is either owned by the Company or others. It also owned interests in 34 parcels of land held for development that totaled approximately 25.3 million square feet.