Large Outflow of Money Witnessed in SL Green Realty Corporation

SL Green Realty Corporation (SLG) : Money flow in the SL Green Realty Corporation (SLG) stock was negative (1.19 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.03 million, compared to $6.21 million on downticks. The total uptick to downtick ratio was 0.81, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0 million, indicating persistent selling. SL Green Realty Corporation (SLG) traded $0.89 higher at $114.02 gaining 0.78% over the previous days close.


SL Green Realty Corporation (SLG) : The consensus price target for SL Green Realty Corporation (SLG) is $121.92 for the short term with a standard deviation of $8.84. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $133, however, the pessimist price target for the company is $107.

SL Green Realty Corporation (NYSE:SLG): stock turned positive on Friday. Though the stock opened at $113.02, the bulls momentum made the stock top out at $115.8 level for the day. The stock recorded a low of $113.02 and closed the trading day at $114.82, in the green by 1.49%. The total traded volume for the day was 1,049,015. The stock had closed at $113.13 in the previous days trading.

In a related news,The director of Sl Green Realty Corp, Levy John S sold 12,000 shares at $105.39 on April 25, 2016. The Insider selling transaction had a total value worth of $1,264,680. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

Leave a Reply

Get Pre-Market Alerts!

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