Large Inflow of Money Detected in WP Glimcher

WP Glimcher (WPG): $16.24 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 8.94. The value of trades done on upticks was $18.29 million, whereas, trades done on downticks were valued at $2.05 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 $15.84 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $15.84 million. WP Glimcher (WPG) fell $0.02 traded at $12.57, a change of -0.16% over the previous day. The stock is 1.13% for the week.


Also, Goldman Sachs downgrades their rating on the shares of WP Glimcher (NYSE:WPG). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 15, 2016.

WP Glimcher (NYSE:WPG): The stock opened at $12.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.73 for the day. The stock traded down to $12.44 during the day, due to lack of any buying support eventually closed down at $12.57 with a loss of -0.16% for the day. The stock had closed at $12.59 on the previous day. The total traded volume was 2,591,442 shares.

The stock has recorded a 20-day Moving Average of 8.03% and the 50-Day Moving Average is 15.96%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CAO and SVP, Finance) of Wp Glimcher Inc., Indest Melissa A., had purchased 5,000 shares in a transaction dated on August 10, 2015. The transaction was executed at $13.05 per share with total amount equaling $65,250.

WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Companys majority owned partnership subsidiary that owns, through its affiliates, all of the Companys real estate properties and other assets. As of December 31, 2014, the Companys assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls. The Companys properties are leased to various tenants across the retail, including anchor stores, big-box tenants, national inline tenants, sitdown restaurants, movie theatres and regional and local retailers. The Companys properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall, and Westminster Mall, among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.