Large Outflow of Money Witnessed in ProLogis

ProLogis (PLD) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (20.15 million) in ProLogis (PLD). On Friday, The value of composite uptick trades was $20.51 million, whereas, the value of composite downtick trades was $40.65 million and the ratio between the two was 0.5, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $22.65 million. $0.6 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.03. The negative money flow of ($22.05 million) shows selling on strength. ProLogis (PLD) gained $0.79 intraday at $52.57 and registrered 1.53% for the week.


ProLogis (PLD) : 15 investment research analysts covering ProLogis (PLD) have an average price target of $50.87 for the near short term. The highest target price given by the Brokerage Firm to the stock is $58 and the lowest target is $43 for the short term. Analysts expect the variance to be within $4.16 of the average price.

ProLogis (NYSE:PLD): stock turned positive on Friday. Though the stock opened at $51.72, the bulls momentum made the stock top out at $52.67 level for the day. The stock recorded a low of $51.72 and closed the trading day at $52.57, in the green by 1.53%. The total traded volume for the day was 3,328,380. The stock had closed at $51.78 in the previous days trading.

In a related news,The director officer (Chairman & CEO) of Prologis, Inc., Moghadam Hamid R sold 349,668 shares at $51.14 on July 15, 2016. The Insider selling transaction had a total value worth of $17,882,022. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, the Company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.

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