Large Inflow of Money Detected in Boston Properties

Boston Properties (BXP) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $20.19 million worth of transactions were on upticks, whereas, the downticks accounted for $17.21 million worth of transactions. The net money flow was a positive $2.98 million and the uptick to downtick ratio was 1.17. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.6 in their favor. The net money flow into the stock was $4.79 million. The value of block trades done on downticks was only $7.93 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $12.72 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Boston Properties (BXP) was trading at $137.15, down $0.3 during day. The stock slid -0.22% over the previous days close. For the week, the stock recorded 0.81% over the previous weeks close.


Also, In a research note released to the investors, SunTrust Robinson Humphrey maintains its rating on Boston Properties (NYSE:BXP).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, SunTrust Robinson Humphrey raises the new price target from $121 per share to $134 per share. The rating by the firm was issued on May 12, 2016.

Boston Properties (NYSE:BXP): The stock opened at $137.44 on Wednesday but the bulls could not build on the opening and the stock topped out at $137.44 for the day. The stock traded down to $136.62 during the day, due to lack of any buying support eventually closed down at $137.15 with a loss of -0.22% for the day. The stock had closed at $137.45 on the previous day. The total traded volume was 486,161 shares.

The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 6.3%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Boston Properties Inc, Dykstra Karen E, had purchased 1,500 shares in a transaction dated on June 14, 2016. The transaction was executed at $126.49 per share with total amount equaling $189,735.

Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.

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