General Growth Properties (GGP) : The total money flow in General Growth Properties (GGP) was negative ($14.82 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $22.87 million. Transactions on upticks were comparatively lower at $8.05 million. The uptick to downtick ratio was 0.35. The total block trades done on upticks were valued at $0.55 million. The total block trades on downticks were valued at $15.66 million. The uptick to the downtick ratio of block trades was 0.04. The money flow during block trades was negative ($15.11 million) when the stock traded with a gain of $17 cent. General Growth Properties (GGP) was $31.67, an increase of 0.54% over the previous days close.
General Growth Properties (GGP) : The consensus price target for General Growth Properties (GGP) is $32.6 for the short term with a standard deviation of $1.78. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $30.
General Growth Properties (NYSE:GGP): stock turned positive on Friday. Though the stock opened at $31.44, the bulls momentum made the stock top out at $31.8499 level for the day. The stock recorded a low of $31.36 and closed the trading day at $31.67, in the green by 0.54%. The total traded volume for the day was 3,108,858. The stock had closed at $31.5 in the previous days trading.
In a related news,The Officer (Evp, Chief Legal Officer) of General Growth Properties, Inc., Levine Marvin J sold 15,000 shares at $29.7 on June 29, 2016. The Insider selling transaction had a total value worth of $445,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
General Growth Properties, Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. As of December 31, 2014, the Company owned, either entirely or with joint venture partners, 128 retail properties. The Companys business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31, 2014, GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition, the Operating Partnerships conduct their operations through General Growth Management, Inc. (GGMI), General Growth Services, Inc. (GGSI) and GGPLP REIT Services, LLC (GGPRS).