Large Inflow of Money Detected in Retail Properties of America

Retail Properties of America (RPAI) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $4.37 million worth of transactions were on upticks, whereas, the downticks accounted for $2.67 million worth of transactions. The net money flow was a positive $1.7 million and the uptick to downtick ratio was 1.64. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 8.27 in their favor. The net money flow into the stock was $2.19 million. The value of block trades done on downticks was only $0.3 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.5 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Retail Properties of America (RPAI) was trading at $17.11, down $0.09 during day. The stock slid -0.52% over the previous days close. For the week, the stock recorded -0.29% over the previous weeks close.


Also, Jefferies initiates coverage on Retail Properties of America (NYSE:RPAI).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies announces the price target of $17.5 per share. The rating by the firm was issued on June 30, 2016.

Retail Properties of America (NYSE:RPAI): The stock opened at $17.18 on Wednesday but the bulls could not build on the opening and the stock topped out at $17.19 for the day. The stock traded down to $17.03 during the day, due to lack of any buying support eventually closed down at $17.11 with a loss of -0.52% for the day. The stock had closed at $17.20 on the previous day. The total traded volume was 1,141,013 shares.

The stock has recorded a 20-day Moving Average of 1.62% and the 50-Day Moving Average is 4.82%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Retail Properties Of America, Inc., Biumi Bonnie had purchased shares worth of $32,480 in a transaction dated on June 7, 2016. A total of 2,000 shares were purchased at a price of $16.24 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Retail Properties of America, Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Companys retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties. Its properties include 23rd Street Plaza, Panama City; Academy Sports, Houma; Academy Sports, Midland; Academy Sports, Port Arthur; Arvada Connection and Arvada Marketplace, Arvada; The Brickyard, Chicago; Broadway Shopping Center, Bangor, and Cinemark Seven Bridges, Woodridge, among others. It also owns a property, Towson Square, which is approximately 138,000 square foot entertainment based center, including a range of national and regional restaurant concepts. The Company owns approximately 201 retail operating properties representing over 29.2 million square feet.

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