Large Inflow of Money Detected in CBL & Associates Properties

CBL & Associates Properties (CBL) stock had a bullish inflow of $5.95 million worth of trades on uptick and an outflow of $2.01 million in downticks on Wednesday. The total uptick to downtick ratio stood at 2.95. The net money flow into the stock was $3.93 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $3.73 million. An inflow of $0.22 million block trade was recorded on downticks. $3.95 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 17.9 in favor of the bulls. However, CBL & Associates Properties (CBL) stock traded down $0.02 , and reached $11.07, a drop of -0.18% over the previous day. On a weekly basis, the stock is 0.91%, over the previous weeks close.


Also, Major Brokerage house, KeyBanc upgrades its ratings on CBL & Associates Properties (NYSE:CBL). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Sector Weight rating on the shares. The rating by the firm was issued on July 15, 2016.

CBL & Associates Properties (NYSE:CBL): The stock opened at $11.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.12 for the day. The stock traded down to $11.01 during the day, due to lack of any buying support eventually closed down at $11.07 with a loss of -0.18% for the day. The stock had closed at $11.09 on the previous day. The total traded volume was 1,827,345 shares.

The stock has recorded a 20-day Moving Average of 11.26% and the 50-Day Moving Average is 11.27%. In a related news, Mitchell Farzana K, CFO of Cbl & Associates Properties Inc, executed a transaction worth $10,973 on November 10, 2015. A total of 825 shares were purchased at an average price of $13.3. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties. Its properties are located in 27 states, but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of December 31, 2014, the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers, and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.

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