Large Inflow of Money Detected in Taubman Centers

Taubman Centers (TCO): $4.59 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 3.32. The value of trades done on upticks was $6.56 million, whereas, trades done on downticks were valued at $1.97 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $4.6 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $4.6 million. Taubman Centers (TCO) fell $0.07 traded at $77.43, a change of -0.09% over the previous day. The stock is 1.27% for the week.


Also, Mizuho Securities initiates coverage on Taubman Centers (NYSE:TCO).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Mizuho Securities announces the price target of $86 per share. The rating by the firm was issued on April 13, 2016.

Taubman Centers (NYSE:TCO): The stock opened at $77.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $77.52 for the day. The stock traded down to $77.17 during the day, due to lack of any buying support eventually closed down at $77.43 with a loss of -0.09% for the day. The stock had closed at $77.50 on the previous day. The total traded volume was 163,948 shares.

The stock has recorded a 20-day Moving Average of 4.06% and the 50-Day Moving Average is 7.8%. In a related news, Wolff David A., officer (CAO) of Taubman Centers Inc, unloaded 794 shares at an average price of $70.06 on June 3, 2016. The total amount of the transaction was worth $55,628, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Company owns, leases, acquires, disposes of, develops, expands and manages regional and super-regional shopping centers and interests therein. The Companys portfolio of operating centers, as of December 31, 2014, consisted of 18 urban and suburban shopping centers in 10 states. The centers are located in metropolitan areas, including Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Salt Lake City, San Francisco, Sarasota, Saint Louis, Tampa and Washington, D.C. The centers range in size between 236,000 and 1.6 million square feet of gross leasable area (GLA) and between 186,000 and 671,000 square feet of Mall GLA with an average of 1 million and 0.5 million square feet, respectively.

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