Large Outflow of Money Witnessed in Boston Properties

Boston Properties (BXP) : The total money flow in Boston Properties (BXP) was negative ($0.55 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.37 million. In comparison, the inflow of money into the stock on upticks was $0.82 million. The uptick to downtick ratio was 0.6. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0 million. The negative money flow of ($0 million) confirms the selling in Boston Properties (BXP) on strength. Boston Properties (BXP) gained $0.3 at $137.86, a gain of 0.22% over the previous days close. However, the stock registered 1.33% in the week.


Boston Properties (BXP) : The highest level Boston Properties (BXP) is projected to reach is $159 for the short term and the lowest estimate is at $128. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $142.29 and the possibility the share price can swing is $8.43.

Boston Properties (NYSE:BXP): stock turned positive on Friday. Though the stock opened at $137.52, the bulls momentum made the stock top out at $139.37 level for the day. The stock recorded a low of $136.89 and closed the trading day at $138.92, in the green by 0.99%. The total traded volume for the day was 503,863. The stock had closed at $137.56 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Boston Properties Inc, Dykstra Karen E had purchased shares worth of $189,735 in a transaction dated on June 14, 2016. A total of 1,500 shares were purchased at a price of $126.49 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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